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Analysis on the Relation Between Stake Size Effect and Fehr-Schmidt's Parameters
2021
Advances in Economics, Business and Management Research
unpublished
Stake Size Effect demonstrates the phenomenon that in Ultimatum Game, individuals have much lower rejection rates when facing the same proportion of offers but with higher stake sizes. This article relates the Stake Size Effect with the Fehr-Schmidt model, which is one of the most important models in explaining the role of fairness in bargaining games. The author was interested in finding a simple relationship between stake size and parameters of inequity in the Fehr-Schmidt model. The model
doi:10.2991/assehr.k.211209.534
fatcat:tdsf3z73bnb33ifilqmvrmy6me