Economics: Ultimatum Game Simulator

The Ultimatum Game Simulator is an engaging and visually rich web-based simulation that puts learners in the shoes of either a Proposer or Responder in one of the most famous economic experiments in behavioural game theory. The challenge? Decide how to split £100. But beware—if your offer is deemed unfair, it may be rejected, and both players walk away with nothing.

This simulator blends interactivity with behavioural economics research, allowing learners to experiment with offers, view AI responses based on empirical data, and understand the psychology of fairness and negotiation across cultures.

Learning Outcomes

Using the Ultimatum Game Simulator, learners will:

Understand the Ultimatum Game structure and how it reveals concepts of fairness, self-interest, and strategic thinking.

Explore behavioural economics principles, including altruism, spite, and social preferences.

Interpret empirical data to form expectations about rational and irrational responses.

Investigate cross-cultural variability in fairness perception and negotiation behaviour.

Evaluate economic decisions using both classical rationality and psychological insights.