The ________ game is an economic experiment in which two players decide how to divide a pot of money.
A) prisoner's dilemma
B) hawk-dove
C) behavioral economics
D) ultimatum
E) hot-hand dilemma

Question

Quizplus · Accepted Answer

The ultimatum game involves one player proposing a division of the money and the other player accepting or rejecting the proposal. If the proposal is rejected, neither player receives any money. This game is often used to study fairness and social norms in economic decision-making. Choosing option D allows for a fair division of the money, as the proposing player is incentivized to make a reasonable offer in order to avoid rejection.

The ________ Game Is an Economic Experiment in Which Two