Experiments Show That When Real People Play the Ultimatum Game

question 164

Multiple Choice

Experiments show that when real people play the ultimatum game, starting with $100,

• A) Player A usually proposes giving Player B more than $50.
• B) Player B usually accepts Player A's proposal if Player A proposes giving Player B $30 or $40.
• C) players show themselves to be rational wealth-maximizers.
• D) Both B and C are correct.

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Definitions:

Win-Win Relationships

Situations in which all parties involved gain benefits or satisfaction.

Emotional Competency

The ability to recognize, understand, manage, and use one's own emotions and those of others effectively.

Zeal

Great energy, enthusiasm, or eagerness in pursuit of a cause or an objective.

Mindfulness-Based Stress Reduction

An evidence-based program that uses mindfulness meditation to help people manage stress, anxiety, depression, and pain.