The ultimatum game reveals that
A)it does not make sense to try to maximize profits.
B)people may have an innate sense of fairness that economic theory does not capture.
C)offering someone a wildly unfair outcome is usually ok since people tend to make decisions using a "something is better than nothing" philosophy.
D)Both a and b.

Question

Quizplus · Accepted Answer

The ultimatum game shows that people often reject unfair offers, indicating that fairness plays a significant role in decision-making, which traditional economic theory may not fully account for.

The Ultimatum Game Reveals That