In the Ultimatum Game, One Reason Players Don't Choose the Rational

question 59

Multiple Choice

In the ultimatum game, one reason players don't choose the rational offer is

• A)that there are too many possible outcomes to reasonably consider.
• B)they are worse off by taking the offer.
• C)most people believe in reciprocity, and will therefore get even if the prosper treats them badly.
• D)that it is not a Nash equilibrium.

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Definitions:

Total Quality Control

Total Quality Control is a management approach focused on embedding quality in every step of the production process through continuous improvement and employee involvement.

Kaoru Ishikawa

A prominent Japanese organizational theorist and engineer, best known for his work in quality management and the invention of the Ishikawa or fishbone diagram.

Employee Involvement

The degree to which employees are encouraged to share their ideas and contribute to decision-making processes in an organization.

Henri Fayol

A French engineer and scholar who developed a general theory of business administration and is known for his 14 principles of management.