Evidence from experiments in which real people play the ultimatum game supports which idea about people
A)They are rational wealth-maximizers.
B)They tend to be driven by fairness, without regard for their own self-interest.
C)They are driven by both fairness and self-interest.
D)They have trouble calculating their own levels of wealth.

Question

Quizplus · Accepted Answer

The ultimatum game is a two-person bargaining game where one player (the proposer) offers a division of a sum of money to the other player (the responder). If the responder accepts the offer, both players receive their share of the money. However, if the responder rejects the offer, both players receive nothing. Studies have shown that responders tend to reject offers that they perceive as unfair, even if it means receiving no money. This suggests that people are driven by both fairness and self-interest, as they are willing to forego a potential gain if they perceive an unfair offer.

Evidence from Experiments in Which Real People Play the Ultimatum