Asked by kylah perry on May 05, 2024
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Results of the dictator and ultimatum games reveal that people act in equally self-interested ways,regardless of the context or rules of the game.
Dictator Games
A type of economic experiment where one participant (the "dictator") determines how to split an endowment between themselves and another participant, with no repercussions or rewards for their choice.
Ultimatum Games
A game in experimental economics, where a proposer has to decide how to divide a certain amount of money with a responder, who can accept or reject the offer.
- Appreciate the role of fairness and altruism in economic behavior, as illustrated by the dictator and ultimatum games.
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Learning Objectives
- Appreciate the role of fairness and altruism in economic behavior, as illustrated by the dictator and ultimatum games.
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