Anomalies: The Ultimatum Game

TL;DR: In this article, an adaptive computational model for emotion regulation is presented, which includes mechanisms for adaptivity of the degree of flexibility of the emotion regulation process and the effects of events like traumas or therapies on emotion regulation.

TL;DR: The authors conducted field experiments in two multi-ethnic republics of Russia and found that responders employ varied strategies in an ultimatum game, with an unusually high proportion of 50/50 splits.

TL;DR: These results suggest that there are additional factors other than empathy, fairness and selfishness that contribute to strategic decision-making, and are consistent with an interpretation that high scores on Drive and Reward Responsiveness are associated with a strategy that first seeks to minimize the likelihood of reward, and then to maximize the amount of reward.

TL;DR: It’s time to get used to the idea that there is no such thing as a “right answer” to everything.

TL;DR: In this paper, the ultimatum bargaining games with two players and two stages were investigated. But the authors focused on situations with two agents and two stage bargaining games and only one agent has to decide and the set of outcomes is restricted to two results.

TL;DR: In this article, a new model of consumer behavior using a hybrid of cognitive psychology and microeconomics was developed using a mental coding of combinations of gains and losses of a consumer.

TL;DR: In customer or labor markets, it is acceptable for a firm to raise prices (or cut wages) when profits are threatened, and to maintain prices when costs diminish as mentioned in this paper, and several market anomalies are explained by assuming that these standards of fairness influence the behavior of firms.