Ultimatum Game
The Ultimatum Game is a popular instrument of economic experiements. In it, one player, the proposer, is endowed with a sum of money. The proposer is tasked with splitting it with another player, the responder (who knows what the total sum is). Once the proposer communicates his decision, the responder may accept it or reject it. If the responder accepts, the money is split per the proposal; if the responder rejects, both players receive nothing. Both players know in advance the consequences of the responder accepting or rejecting the offer.
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Type:🔵 Tags: Psychology / Philosophy / Ethics Status:☀️