Work detail

Fairness and Emotions in the Ultimatum Game: Experimental Approach

Author: Bc. Polina Fedosová
Year: 2017 - summer
Leaders: PhDr. Václav Korbel
Consultants:
Work type: Bachelors
Language: English
Pages: 57
Awards and prizes:
Link:
Abstract: This bachelor thesis examines the role of emotions in the decision-making process by making
individuals treated unfairly. We conducted a simple Ultimatum Game and measured emotional
responses of Responders when the offer is displayed. We found significant positive relationship
between the offer and intensity of neutrality and surprise experienced by Responders and
significant negative effect of offer on intensity of experienced anger and disgust was detected.
Further examination also indicated significant negative relationship between the action taken
by Responders (rejecting or accepting the offer) and intensity of experienced anger leading us
to the conclusion about the correlation between this emotion and rejection. The analysis is also
complemented by validation that behavior of our sample in the Ultimatum Game follows the
robust behavioral pattern (frequent rejection of positive but low offers) in this experimental
game.

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Deloitte
McKinsey & Company

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