In the Ultimatum Game There Are Two Players: a Proposer

question 3

Multiple Choice

In the Ultimatum Game there are two players: a proposer who offers to share some proportion of a sum of money, and a responder who decides to accept or reject the offer. Which of the following has been documented during studies using this paradigm?

• A) When proposers offer to share the money equally, such offers are typically seen as fair and accepted.
• B) When proposers offer to give a meager sum (e.g., a quarter of the money), such offers usually upset responders who reject the offer and consequently end up with no money at all.
• C) When responders feel that an offer is unfair this judgment is normally accompanied by activity in the amygdala.
• D) All of the above.

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Definitions:

Integrated Contract

A written contract intended to be the complete and final representation of the parties’ agreement.

Written Contracts

Legally binding agreements that are recorded in writing rather than agreed upon orally or implied by conduct.

English Law

The legal system of England and Wales, which is based on common law principles, statutes, and legal precedents.

Statute of Frauds

A legal doctrine requiring certain types of contracts to be in writing and signed by the party to be charged in order to be legally enforceable.