In the Dictator Game

question 13

Multiple Choice

In the dictator game:

• A) one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an active participant.
• B) one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an passive participant.
• C) one player (the dictator) must keep a fixed prize all to himself.
• D) one player (the dictator) must give all of a fixed prize to another player (the recipient) who is a passive participant.

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Definitions:

Population Parameter

A numerical value that summarizes or describes an aspect of a population.

Point Estimate

A single value (or point) derived from a sample that best predicts or estimates an unknown population parameter.

Population Proportion

The fraction or percentage of individuals in a population who possess a specific attribute or characteristic.

Unbiased Estimator

An attribute of an estimator that ensures the expected value of the estimate equals the parameter being estimated.