Examlex
Which of the following actions by a member of Congress would likely lead Edmund Burke to classify that member as a "trustee"?
Ultimatum Game
A game in economic experiments where two players decide how to divide a sum of money, with one player proposing the split and the other accepting or rejecting it.
Behavioral Economists
Researchers and theorists who study how psychological, cognitive, emotional, cultural, and social factors affect economic decisions and outcomes.
System 1
Refers to the fast, instinctive, and emotional way of thinking in Daniel Kahneman's dual-process theory of the mind, contrasting with the slower, more logical System 2.
Ultimatum Game
A game in economic experiments where one party proposes how to divide a sum of money with another party, who can accept or reject the proposal.
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