Which of the following is a significant difference in the outcomes between the dictator game and the ultimatum game? Multiple Choice O Self-interest is revealed more strongly in the ultimatum game than in the dictator game. The ultimatum game tends to result in a more even split of the money. There is little difference, as fairness considerations lead to similar splits of the money in both games. The dictator game tends to result in a more even split of the money.

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
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Chapter8: Game Theory
Section: Chapter Questions
Problem 8.11P
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Which of the following is a significant difference in the outcomes between the dictator game and the ultimatum game?
Multiple Choice
O
O
O
O
Self-interest is revealed more strongly in the ultimatum game than in the dictator game.
The ultimatum game tends to result in a more even split of the money.
There is little difference, as fairness considerations lead to similar splits of the money in both games.
The dictator game tends to result in a more even split of the money.
Transcribed Image Text:Which of the following is a significant difference in the outcomes between the dictator game and the ultimatum game? Multiple Choice O O O O Self-interest is revealed more strongly in the ultimatum game than in the dictator game. The ultimatum game tends to result in a more even split of the money. There is little difference, as fairness considerations lead to similar splits of the money in both games. The dictator game tends to result in a more even split of the money.
Prospect theory and the work of behavioral economists confirm that consumers are economically rational.
True or False
True
False
Transcribed Image Text:Prospect theory and the work of behavioral economists confirm that consumers are economically rational. True or False True False
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