A Simple Questionnaire Can Change Everything: Are Strategy Choices in the Coordination and Ultimatum Games Stable?

• Published in: 2015 IEEE International Conference on Smart City/SocialCom/SustainCom (SmartCity) pp. 452 - 456
• Main Authors: Berninghaus, Siegfried K., Todorova, Lora R., Vogt, Bodo
• Format: Conference Proceeding
• Language: English
• Published: IEEE 01.12.2015
• Subjects: beliefs; Conferences; coordination game; Economics; Finance; Games; questionnaire; Remuneration; risk preferences; risk scale; ultimatum game; uncertain preferences; Uncertainty

This paper presents the results of an experiment designed to study the effect produced on strategy choices when a subject reports risk preferences on a risk scale before engaging in a 2 × 2 coordination game and in an ultimatum game. The main finding is that the act of stating one's own risk pr...