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:

Accuracy

The degree to which a measurement, calculation, or specification conforms to the correct value or a standard.

Validity

The extent to which a test or instrument accurately measures what it is intended to measure.

Instrument Used

Refers to the specific tool or device employed in a study, experiment, or assessment to collect data or measure variables.

Validity Evidence

Information or data that supports the accuracy and appropriateness of the inferences made from test scores or other assessment outcomes.