Two players (Kendell and Tatsuya)are playing an ultimatum game where Tatsuya is given $7,000 and asked to propose a way of splitting it with Kendell.When Kendell learns Tatsuya's proposal,Kendell chooses whether to accept or reject the split.If Kendell accepts the split,both players receive the money according to Tatsuya's split proposal.If Kendell rejects the split,both players receive nothing.This game will be played only once,so Tatsuya does not have to worry about reciprocity when making his choice.
Tatsuya is deciding whether to offer a fair or an unfair proposal.The fair proposal is a 50/50 split of the $7,000 and an unfair split is a split such that Tatsuya receives $6,999 and Kendell receives $1.Draw the decision tree for this game.Make sure to label the decision node correctly.

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The Answer of Two players (Kendell and Tatsuya)are playing an ultimatum game where Tatsuya is given $7,000 and asked to propose a way of splitting it with Kendell.When Kendell learns Tatsuya's proposal,Kendell chooses whether to accept or reject the split.If Kendell accepts the split,both players receive the money according to Tatsuya's split proposal.If Kendell rejects the split,both players receive nothing.This game will be played only once,so Tatsuya does not have to worry about reciprocity when making his choice.
Tatsuya is deciding whether to offer a fair or an unfair proposal.The fair proposal is a 50/50 split of the $7,000 and an unfair split is a split such that Tatsuya receives $6,999 and Kendell receives $1.Draw the decision tree for this game.Make sure to label the decision node correctly.

Two Players (Kendell and Tatsuya)are Playing an Ultimatum Game Where