An ultimatum game:
A)is a one-round sequential game.
B)is one in which the first-mover has a great advantage.
C)is when one player makes an offer and the other has to accept or reject.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

An ultimatum game is a one-round sequential game in which the first-mover has a great advantage. The first-mover makes an offer to the second-mover, who can either accept or reject the offer. If the second-mover accepts the offer, both players receive the payoffs specified in the offer. If the second-mover rejects the offer, both players receive nothing.

An Ultimatum Game