The Ultimatum Game Reveals That

question 152

Multiple Choice

The ultimatum game reveals that

• A)it does not make sense to try to maximize profits.
• B)people may have an innate sense of fairness that economic theory does not capture.
• C)offering someone a wildly unfair outcome is usually ok since people tend to make decisions using a "something is better than nothing" philosophy.
• D)Both a and b.

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Definitions:

Job Seeker

An individual actively searching for employment opportunities.

Illegal Discrimination

Unfair or unequal treatment of individuals based on protected characteristics, such as race, gender, age, or disability, that is prohibited by law.

Management Rights

The entitlements or prerogatives of management to make decisions regarding the operation of a business and the management of its employees.

Business Unionism

A type of unionism whose mission is to protect workers, increase their pay, improve their working conditions, and help workers in general; it recognizes that a union can survive only if it delivers a needed service to its members in a businesslike manner.