Experiments Show That When Real People Play the Ultimatum Game

question 164

Multiple Choice

Experiments show that when real people play the ultimatum game, starting with $100,

• A) Player A usually proposes giving Player B more than $50.
• B) Player B usually accepts Player A's proposal if Player A proposes giving Player B $30 or $40.
• C) players show themselves to be rational wealth-maximizers.
• D) Both B and C are correct.

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Definitions:

Psychologists

Professionals specializing in the study and treatment of the mind and behavior, addressing a wide range of mental health issues and developmental processes.

Canadian Psychological Association

A professional organization that represents psychologists in Canada, dedicated to the advancement of the science, practice, and education of psychology.

CPA

An acronym that may refer to Certified Public Accountant, among other meanings depending on the context.

Psychoactive Drugs

Substances that can alter consciousness, mood, thoughts, or perceptions, commonly including both legal and illegal drugs.