Professor Parallax Chooses Two Students in His Economics Class, Jasmine

question 64

Essay

Professor Parallax chooses two students in his economics class, Jasmine and Cassandra, to participate in the ultimatum game.He chooses Jasmine to be the allocator and Cassandra to be the recipient.He gives Jasmine $50 and as the allocator, she gets to decide how to split the money with Cassandra.If Cassandra decides to accept the amount allocated to her by Jasmine, both students get to keep the money.If Cassandra decides to reject her allocation, neither student gets to keep the money.How much will each student end up with if each student acts as if fairness is important? How much will each student end up with if only Cassandra acts as if fairness is important? How much will each student end up with if neither student cares about fairness?

---

Definitions:

Torrance Test

A series of standardized tests designed to measure creative thinking ability in individuals.

Creative Thinking

The ability to think outside the box and generate new, original, and innovative ideas or solutions.

Associative Elements

Components or factors that are linked through association in psychological processes, such as in learning and memory.

Intellectual Disability

A term used to describe a variety of developmental conditions characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.