Which of the following is NOT a characteristic of an ultimatum bargaining game?
A) The first player establishes the terms.
B) The second player either accepts or rejects the terms.
C) The offer is a take-it-or-leave-it offer.
D) The second player may accept the terms.
E) The second player will always reject the terms.

Question

Quizplus · Accepted Answer

Ultimatum bargaining games involve two players where one player (the proposer) makes an offer and the other player (the responder) either accepts or rejects the offer. The offer is usually a take-it-or-leave-it offer where the responder cannot propose a counteroffer. However, there is no guarantee that the responder will always reject the offer. Thus, option E is not a characteristic of ultimatum bargaining games.

Which of the Following Is NOT a Characteristic of an Ultimatum