Dictator Game

CORE DEFINITION

The Dictator Game is an experimental paradigm in psychology and economics. This game model was first proposed and studied by Daniel Kahneman and his colleagues, and its form is close to the Ultimatum Game. The results of the experiment provide evidence against the concept of the rational self-interested individual (sometimes referred to as the economic man) in economic behavior. However, the conclusions drawn from this evidence are still controversial. Since the dictator's payoff depends only on their own behavior, the Dictator Game is not a game in the general sense. As with the term game theory itself, the games referred to are not necessarily actual games involving multiple parties, although this is indeed a problem in decision theory. In normal games, a player's payoff depends on the behavior of at least one other player, or even more.