Examlex

Solved

Consider the Following Decision Tree and Information When Answering the Following

question 26

Multiple Choice

Consider the following decision tree and information when answering the following questions:
The decision tree depicts two players (Jane and Aaron) playing an ultimatum game where Aaron is given $1,000 and asked to propose a way of splitting it with Jane.When Jane learns Aaron's proposal,Jane chooses whether to accept or reject the split.If Jane accepts the split,both players receive the money according to Aaron's split proposal.If Jane rejects the split,both players receive nothing.This game will be played only once,so Aaron does not have to worry about reciprocity when making his choice.
There are four sets of payoffs at the terminal nodes of the decision tree.In each node,the dollar amount to the left of the comma represents Aaron's payoff,and the dollar amount to the right of the comma represents Jane's payoff.
Consider the following decision tree and information when answering the following questions: The decision tree depicts two players (Jane and Aaron) playing an ultimatum game where Aaron is given $1,000 and asked to propose a way of splitting it with Jane.When Jane learns Aaron's proposal,Jane chooses whether to accept or reject the split.If Jane accepts the split,both players receive the money according to Aaron's split proposal.If Jane rejects the split,both players receive nothing.This game will be played only once,so Aaron does not have to worry about reciprocity when making his choice. There are four sets of payoffs at the terminal nodes of the decision tree.In each node,the dollar amount to the left of the comma represents Aaron's payoff,and the dollar amount to the right of the comma represents Jane's payoff.    -Assume that Aaron and Jane are two experimental subjects who follow bounded rationality.If Aaron chooses to make an unfair proposal,the likely outcome of the game will be that Jane will ________ and Aaron will receive a payoff of ________. A)  accept; $999 B)  accept; $1 C)  accept; $0 D)  reject; $500 E)  reject; $0
-Assume that Aaron and Jane are two experimental subjects who follow bounded rationality.If Aaron chooses to make an unfair proposal,the likely outcome of the game will be that Jane will ________ and Aaron will receive a payoff of ________.


Definitions:

Catatonic Schizophrenia

A subtype of schizophrenia characterized by abnormalities in motor behavior, which can range from physical immobility to excessive motor activity.

Motor Behavior

The study of how motor skills are learned, controlled, and developed to enable voluntary movements.

Disturbance

An interruption of peace, order, or normal functioning; often referring to an environmental or ecological disruption.

Vulnerable to Stress

Describes individuals or organisms that are more likely to experience negative outcomes or harm as a result of stressful situations or environments.

Related Questions