An ultimatum game:
A) is a repeated game.
B) is a simultaneous move game.
C) is when one player makes an offer and the other has to accept or reject.
D) is a realistic way of modeling union negotiations.

Question

Quizplus · Accepted Answer

In an ultimatum game, one player (the proposer) makes an offer to divide a sum of money with the other player (the responder). The responder can either accept the offer and both players receive their respective portions according to the proposal, or reject the offer and both players receive nothing. It is a one-shot game and not a repeated or simultaneous game. It can be used to model bargaining situations or negotiations, but not specifically union negotiations.

An Ultimatum Game