In the Ultimatum Experiment,what Are the Usual Outcomes

question 41

Multiple Choice

In the ultimatum experiment,what are the usual outcomes?

• A)Proposer proposes to give the minimum positive amount to the responder in all the rounds.
• B)Proposer and responder are rational all the time.
• C)Proposer proposes to give about 30~40% of total amount to the responders.
• D)Proposer proposes to give 60~70% of total amount to the responders

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Definitions:

Accounts Payable

Liabilities of a business that represent money owed to suppliers for purchases made on credit.

Merchandise Inventory

Goods or stock held by a business for the purpose of resale to customers.

Purchase Discounts

Reductions in price given by suppliers for early payment or bulk purchasing.

Controlling Account

A general ledger account that summarizes the total balances of several subsidiary accounts.