A Dictator Game Involves ________

question 4

Multiple Choice

A dictator game involves ________.

• A) a self-interested proposer and a responder who receive equal endowment before making a moral decision
• B) a proposer and a responder who bilaterally make a decision about how much endowment to keep and how much to contribute
• C) a proposer who unilaterally makes a decision about how much endowment to keep and how much to contribute to a responder, who takes no action and simply receives the contribution
• D) a responder who unilaterally makes a decision about how much endowment to keep and how much to contribute to a proposer, who takes no action

---

Definitions:

Keiretsu

A Japanese term that describes suppliers who become part of a company coalition.

Japanese Manufacturers

Companies based in Japan known for their emphasis on quality, innovation, and efficient production techniques, often within the automobile and electronics industries.

Local Optimization

A process of optimizing a specific area or department within an organization without necessarily considering its impact on the whole system.

Global Optimization

Global Optimization is the process of finding the best possible solution or achieving the highest efficiency across all possible solutions in a given mathematical model or situation.