The Ultimatum Game and the Dictator Game Are Used in Economic

question 236

True/False

The ultimatum game and the dictator game are used in economic experiments to test whether fairness is an important influence on consumer decision-making.

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Definitions:

Deception

The act of misleading or tricking someone, often involving misrepresentation or withholding of the truth.

Absolute Obligation

A legal binding commitment that must be fulfilled under all circumstances, without excuses or conditions.

Ethical Theory

The branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Virtue Ethics

The ethical system which proposes that a decision is ethical when it promotes positive character traits such as honesty, courage, or fairness.