Business, 16.03.2020 18:35, plzhelpmeasap46

The ultimatum game is a game in economic experiments. The first player (the proposer) receives a sum of money and proposes a fair proposal (F - 5;5) or unfair proposal (U - 8;2). The second player (the responder) chooses to either accept (A) or reject (R) this proposal. If the second player accepts, the money is split according to the proposal. If the second player rejects, neither player receives any money.

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The ultimatum game is a game in economic experiments. The first player (the proposer) receives a sum...