Results of the Ultimatum Game Suggests That

question 55

Multiple Choice

Results of the ultimatum game suggests that:

• A)considerations of fairness may play a role in economic behaviour
• B)considerations of fairness play no role in economic behaviour
• C)economists should abandon assumptions of individual self-interest in their models
• D)none of the above

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Definitions:

Respect

Honor and esteem for another; regard for others as demonstrated through listening and being responsive to their beliefs and needs whenever possible.

Fulfillment

A sense of satisfaction or happiness derived from achieving one's goals or living up to one's potential.

Understanding People

The ability to comprehend the emotions, motivations, and thoughts of others, facilitating effective communication and interpersonal relationships.

Effective Use

The efficient and purposeful utilization of resources or techniques to achieve desired outcomes.