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Jackie and Rhonda Are Playing an Ultimatum Game Where Jackie

question 123

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Jackie and Rhonda are playing an ultimatum game where Jackie is given $100 and asked to propose a way of splitting it with Rhonda. When Rhonda learns Jackie's proposal, Rhonda chooses whether to accept or reject the split. If Rhonda accepts the split, both players receive the money according to Jackie's split proposal. If Rhonda rejects the split, both players receive nothing. This game will be played only once, so Rhonda does not have to worry about reciprocity when making her choice. Traditional economic theory presumes that:


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