Economists Have Used the Ultimatum Game and the Dictator Game

question 279

Multiple Choice

Economists have used the ultimatum game and the dictator game in experiments designed to determine

• A)whether consumers care about fairness when they make decisions.
• B)whether consumers believe it is fair for producers to raise the price of a product for which there is excess demand.
• C)whether consumers understand the difference between implicit costs and explicit costs.
• D)whether consumers understand the rule of equal marginal utility per dollar spent.

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Definitions:

DfWG

Degrees of Freedom Within Groups, related to variance analysis, expressing the number of independent pieces of information within groups.

Respondents

Individuals who provide data or answers in a survey, study, or experiment.

Degrees of Freedom

The number of independent values or quantities that can vary in the analysis without violating any constraints.

F-ratio

A statistic used in ANOVA tests to compare the variability between group means to the variability within groups.