Results of the ultimatum game suggests that:
A)considerations of fairness may play a role in economic behaviour
B)considerations of fairness play no role in economic behaviour
C)economists should abandon assumptions of individual self-interest in their models
D)none of the above

Question

Quizplus · Accepted Answer

The ultimatum game demonstrates that people's perceptions of fairness can influence economic behavior. In the game, the proposer offers a split of a sum of money and the responder can accept or reject the offer. If the offer is rejected, neither player receives any money. The results show that responders are less likely to accept unfair offers, suggesting that they value fairness in economic exchanges. This challenges the traditional economic assumption of rational self-interest.

Results of the Ultimatum Game Suggests That