Which of the Following Is True in an Ultimatum Game

question 105

Multiple Choice

Which of the following is true in an ultimatum game if more money is considered to be better than less?

• A) The equilibrium outcome is equitable.
• B) The equilibrium outcome is socially efficient.
• C) The equilibrium is always a dominant strategy equilibrium.
• D) There is no unique equilibrium.

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Definitions:

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally dangerous and harmful.

Forced Labor

Forced labor is work that individuals are compelled to do against their will, under threat of punishment or other forms of coercion, often in exploitative conditions.

Performance Contingency

A situation or condition where the outcome or success of a process or task is dependent on certain factors or performances being met.

Availability

The state of being readily accessible or obtainable when needed.