When people play the "ultimatum game," in which one person gets to decide how to split a sum of money by offering a share to another person and neither gets anything if the second person rejects the offer, the result is often that the first person offers:
A) something close to 50-50, but the second person rejects this offer.
B) something close to 50-50, and the second person accepts this offer.
C) one cent, and the second person accepts this offer.
D) the full amount, and the second person accepts this offer.

Question

Quizplus · Accepted Answer

In the ultimatum game, the first person typically offers something close to 50-50, and the second person accepts this offer. This is because the first person knows that if they offer too little, the second person will reject the offer and neither person will get anything. The second person knows that if they reject the offer, they will get nothing, so they are willing to accept even a small offer.

When People Play the "Ultimatum Game," in Which One Person