Choices Made in the Ultimatum Game Suggest

question 17

Multiple Choice

Choices made in the ultimatum game suggest:

• A) that in social situations, emotions such as anger and indignation influence economic decisions.
• B) that ultimatums make decision-making more optimal.
• C) that individuals are not influenced by social motives.
• D) that offering an ultimatum is usually a bad strategy.

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Definitions:

Clickwrap Contracts

Agreements where acceptance is signaled by the user clicking an "I accept" button on a website, commonly used in software licenses and online transactions.

Shrinkwrap Contracts

Agreements whose terms are only revealed after opening the packaging of a product, often enforceable once the package is opened.

Duress

A condition where a person performs an act as a result of violence, threat, or other pressure against them, raising questions about the voluntariness of the act.

Voidable

Capable of being made void; not utterly null, but annullable, and hence that may be either voided or confirmed. See also void.