Scenario I The Following Scenario Describes Research Findings Discussed in the Following

question 8

Multiple Choice

Scenario I
The following scenario describes research findings discussed in the following review article:
Cameron, C. C. & Thaler, R. H. (1995) . Anomalies: Ultimatums, dictators, and manners. Journal of Economic Perspectives, 9(19) , 209-219.
In the ultimatum game, two participants are assigned to be either the "Divider" or the "Decider" by a coin flip. The Divider is given a sum of money, such as $10, and is instructed to offer some non-zero portion of it to the Decider. If the Decider accepts, she gets to keep what was offered and the Divider keeps the rest. If the Decider rejects the deal, both players get nothing. Both players are made aware of all of these rules and then the game begins. Under these conditions, Dividers usually offer a little less than $5 and Deciders usually accept this amount. If Dividers offer less, Deciders often reject and both players get nothing. A similar game is termed the dictator game. Players are randomly assigned to be either the "Allocator" or the "Receiver." The Allocator is given a sum of money and makes a decision about how much money she would like to give the Receiver, who must accept this result. Allocators in this game usually offer some money to the Receiver, but typically less than the Dividers in the ultimatum game.
-(Scenario I) In a single $10 ultimatum game, if both players behaved independently and sought to maximize their individual earnings:

• A)Dividers would offer exactly $5 and Deciders would accept.
• B)Dividers would offer a little less than $5 and Deciders would accept.
• C)Dividers would offer a penny and Deciders would accept.
• D)Dividers would offer a penny and Deciders would reject.

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Definitions:

Social Change

Social change involves alterations in the social order of a society, encompassing changes in nature, social institutions, social behaviors, or social relations.

Oppressed Groups

Communities or populations that experience discrimination, exploitation, or injustice by more powerful societal groups based on various factors.

Social Movement

A collective, organized effort by a large group of people to achieve or resist change in society, often aiming at social or political issues.

Greater Equality

A state or condition where differences in access to resources, opportunities, and rights are minimized across individuals or groups in society.