... is a high enough rejection rate to the lower offer to imply that the concept of perfect subgame equilibrium is a poor predictor of player behaviour. This would support the claims of Straub and Murnighan, 1995. 195 words Introduction Ultimatum bargaining is a game that involves two players locked in a competitive and sometimes also strategic, situation with the role of one person as the proposer and the other as the responder. The purpose of the exercise is to share a fixed amount of money between them depending on the rules set. Guth and Van Damme, 1998 carried out a game method, which meant that the proposer offers the responder a share of a sum of money and gives them the option to either agree to take the offer or refuse it. However they are not allowed to negotiate the offer made to them and if they choose to refuse the offer ...

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