Cross Cultural Report of Values and Decisions in the Multi Round Ultimatum Game and the Centipede Game

Abstract

This paper investigates the cultural differences in decision making behavior of people from the US and India. We study players from these cultures playing the Multi Round Ultimatum Game and the Centipede Game online. In order to study how people from different cultures evaluate decisions we use criteria from the Multi Attribute Relational Values (MARV) survey. Our results confirm the existence of cultural differences in how people from US and India make decisions in the Ultimatum and Centipede games. We also observe differences in responses to survey questions implying differences in the amount of importance that the two cultures assign to the MARV decision making criteria.