In an Ultimatum Game Where the Payoff Totals $100 and Is

question 3

Multiple Choice

In an ultimatum game where the payoff totals $100 and is split in $1 increments, the rational amount for the proposer to offer and the responder to take is

• A)$0.
• B)$1.
• C)$50.
• D)$100.

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Definitions:

Compatible Needs

The concept in social psychology that suggests people are drawn together based on similar needs and goals.

Diversity-Consensus Dilemma

Refers to the challenge organizations face in achieving consensus and cohesive action while also promoting and benefiting from a diverse workforce.

Relative Rank

The position or level of something or someone in relation to others based on a specific criterion or set of criteria.

Status

The relative social, professional, or other standing of someone or something within a group or society.