Evolutionary Stability in the Ultimatum Game |
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| Authors: | Ralf Peters |
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| Institution: | (1) Institute of Economics, University of Hamburg, Von-Melle-Park 5, D-20146 Hamburg, Germany |
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| Abstract: | Biologically motivated concepts of evolutionary stability, like the ESS, consider robustness against tiny invasions of mutants. This paper considers larger invasions and proposes an extended stability calculus. The new concept is applied to the ultimatum game and gives an evolutionary explanation for the emergence of egalitarian, "fair" behaviour. |
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| Keywords: | evolutionary stability ultimatum game fairness JEL classification C72 |
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