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An Analysis on Relationship Between Highschool Student's Rationality and Economic Education : Using Ultimatum Game Experiments Jeon, Chang Wan* This is an article to report the results of Ultimatum Game Experiments with the pretest —posttest control group design. All of the participants are Ist or 2nd grade high school students in Busan, and divided into two groups, that is experimental group and control group. The Participants in the experimental group have been taught economics in their school, but control group not. I am mainly interested in whether the ultimatum bargaining amount of the experimental group is lower than that of control group, as the Ultimatum Game Experiments are conducted repeatedly at three times. The main methods of this article are Two-way ANOVA and longitudinal hierarchical linear model. ‘Throughout the progress of the analyses, I have obtain two main results. Ultimatum bargaining amount got to be lower, as the experiments were repeated. And these trends of getting lower amount were consistent in all of experiment participants. @The results shows that it was difficult for economic education to make students having rationality like as homo economicus in economics. Unfortunately | have failed in reasoning relationship between economic education and getting rationality. Key Words: Ultimatum Game Experiments, Economic Education, Experimental Economics, Rationality, Two-way ANOVA, Longitudinal Hierarchical Linear Model ADA 2104 108 168 JAA: 2010's BW SU~ 20104 124 19 AAS: 20104 124% 9e * Hye Kwang high school