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Impunity game - Wikipedia, the free encyclopedia

Impunity game

From Wikipedia, the free encyclopedia

The Impunity Game is a simple game in experimental economics, similar to the Dictator Game.

The first player "the proposer" chooses between two possible divisions of some endowment (such as a cash prize):

  1. The first choice will be a very unequal division, giving most of the endowment to herself, and sharing little with the second player (the partner or the "responder").
  2. The second choice is a more even division, giving a "fair" proportion of the initial pie to the responder, and keeping the rest for herself.

The second and final move of the game is in the hands of the responder: he can accept or reject the amount offered. Unlike the ultimatum game, this has no effect on the proposer, who always keeps the share she originally awarded herself.

This game has been studied less intensively than the other standards of experimental economics, but appears to produce the interesting result that proposers typically take the "least fair" option, keeping most of the reward for themselves, a conclusion sharply in contrast to that implied by the ultimatum or dictator games.[1]

[edit] Notes

  1998 Bolton, Katok, Zwick, International Journal of Game Theory, page 285 for a dictator game comparison.



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Topics in game theory

Definitions

Normal form game · Extensive form game · Cooperative game · Information set · Preference

Equilibrium concepts

Nash equilibrium · Subgame perfection · Bayes-Nash · Trembling hand · Correlated equilibrium · Sequential equilibrium · Quasi-perfect equilibrium · Evolutionarily stable strategy

Strategies

Dominant strategies · Mixed strategy · Grim trigger · Tit for Tat

Classes of games

Symmetric game · Perfect information · Dynamic game · Repeated game · Signaling game · Cheap talk · Zero-sum game · Mechanism design

Games

Prisoner's dilemma · Coordination game · Chicken · Battle of the sexes · Stag hunt · Matching pennies · Ultimatum game · Minority game · Rock, Paper, Scissors · Pirate game · Dictator game

Theorems

Minimax theorem · Purification theorems · Folk theorem · Revelation principle

Related topics

Mathematics · Economics · Behavioral economics · Evolutionary game theory · Population genetics · Behavioral ecology · Adaptive dynamics · List of game theorists

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