Ultimatum Game Experiment

The Ultimatum Game is a social experiment where two people decide how to share a sum of money. The first person proposes a division, and the second can accept or reject it. If the second rejects, neither gets any money. Typically, people balance fairness and self-interest, often offering more than the minimum to avoid rejection, highlighting how perceptions of fairness influence decision-making. This game helps researchers study human behavior around fairness, negotiation, and cooperation.