Information in Repeated Ultimatum Game with Unknown Pie Size

Table 1

Adaptive behavior for respondents (a) (pie size = HK$136). (b) (pie size = HK$217).

(a)

Condition	Acceptance rate
	First session (𝑛=40)	Second session (𝑛=36)
𝑝𝑡≥𝑝𝑡−1	95%	91%
𝑝𝑡<𝑝𝑡−1	69%	72%

(b)

Condition	Acceptance rate
	First session (𝑛=36)	Second session (𝑛=40)
𝑝𝑡≥𝑝𝑡−1	94%	94%
𝑝𝑡<𝑝𝑡−1	74%	59%

𝑝_𝑡 stands for the proposed offer in period 𝑡.
𝑝_𝑡−1 stands for the mean offer in the previous period.