Chapter EMB, Problem 2CYU

To determine

To state: The results that experiments with the ultimatum game show the typical participant.

Explanation of Solution

The ultimatum game is defined as a game wherein one player, the proposer is bestowed with a sum of money. The proposer is given the task of splitting it with the other player, known as the responder. When the proposer states his decision, the responder can either reject it or accept it. In case the responder accepts, the money is divided as per the proposal; in case the responder rejects, both players will get nothing. Both players know in advance the results of the responder rejecting or accepting the offer.

The ultimatum game is significant from a sociological perspective, as it demonstrates the human reluctance to accept injustice. The inclination to reject small offers may also be seen as important to the concept of honor.