Asked by
Isaac Maliam
on Nov 25, 2024
Verified
Suppose Justine and Sarah are playing the dictator game. Justine is the dictator and has $100 to allocate. Based on repeated experiments of the dictator game, what is the least likely outcome for this game?
A) $100 for Justine and $0 for Sarah.
B) $58 for Justine and $42 for Sarah.
C) $50 for Justine and $50 for Sarah.
D) $0 for Justine and $100 for Sarah.
Dictator Game
An experimental paradigm in behavioral economics and psychology, where an individual (the "dictator") determines how to split a given resource between themselves and another participant.
Behavioral Economists
Experts in a field of economics that integrates insights from psychology to understand how people make economic decisions.
- Explain the characteristics and results of the dictator and ultimatum games in showcasing patterns of human behavior.
- Examine the function of equity in economic actions and its divergence across different people.
Verified Answer
AK
Learning Objectives
- Explain the characteristics and results of the dictator and ultimatum games in showcasing patterns of human behavior.
- Examine the function of equity in economic actions and its divergence across different people.
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