Which of the following describes an ultimatum game?
A)One player makes an offer and the other player can choose to either accept or reject.
B)One player makes an offer and the other player can choose whether to accept or make a counteroffer.
C)Both players make offers in a repeated sequential game.
D)A moderator makes an offer to each player, after which they can choose to play the game or not.

Question

Quizplus · Accepted Answer

In an ultimatum game, one player (the proposer) makes an offer on how to divide a sum of money (or any other benefit) between themselves and another player (the responder). The responder can either accept the offer, in which case the money is split according to the proposal, or reject it, in which case neither player receives anything. This game is used to study negotiation, fairness, and decision-making in economics and psychology.

Which of the Following Describes an Ultimatum Game