Asked by
Alyssa Mae Eguia
on Nov 25, 2024Verified
Which of the following is a significant difference in the outcomes between the dictator game and the ultimatum game?
A) There is little difference, as fairness considerations lead to similar splits of the money in both games.
B) The dictator game tends to result in a more even split of the money.
C) The ultimatum game tends to result in a more even split of the money.
D) Self-interest is revealed more strongly in the ultimatum game than in the dictator game.
Ultimatum Game
A game in experimental economics and psychology, where two players decide on how to divide a sum of money; one player offers a split and the other can accept or reject it, where rejection means both get nothing.
Dictator Game
A behavioral experiment in economics where an individual, termed the "dictator," decides how to split an amount of money with another participant.
Fairness Considerations
Evaluations or judgments about the equity, justice, or fairness in situations, actions, or distribution of resources.
- Describe the nature and outcomes of the dictator and ultimatum games in illustrating human behavior.
Verified Answer
GM
Learning Objectives
- Describe the nature and outcomes of the dictator and ultimatum games in illustrating human behavior.