Examlex
Match the following.You may use a response once,more than once,or not at all.
-Most common form of decision-making group
Ultimatum Game
A game in economic experiments where one player proposes a division of a sum of money and the second player can accept or reject the proposal. If rejected, both players receive nothing.
Behavioral Economics
A field of study that examines the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Dictator Game
An experimental paradigm in behavioral economics and psychology, where an individual (the "dictator") determines how to split a given resource between themselves and another participant.
Behavioral Economists
Experts in a field of economics that integrates insights from psychology to understand how people make economic decisions.
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