ABSTRACT
The ultimatum game is probably the most appraised, simple game with the fiercest debate in the experimental literature about the differences between actual behavior and game-theoretical logic. As a consequence, a large body of literature about behavioral models encompassing theory and behavioral findings has emerged. We discuss the original paper’s many ideas, highlighting its design features and results connected to today’s experimental standards. We conclude with a hit list of topics the ultimatum game has inspired in economics and multiple other disciplines.
