Asked by Kayli Swigart on Jun 06, 2024
Verified
Carlos and Darla are representative individuals playing the dictator game.Carlos is assigned the role of dictator and given $20 to split between the two of them.Based on previous experiments with this game by behavioral economists,about a third of the time we would expect:
A) Carlos to keep all of the money for himself.
B) Carlos to give all of the money to Darla.
C) Carlos to split the money evenly with Darla.
D) Carlos to split the money,keeping a little more than half for himself.
Behavioral Economists
Economists who study the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.
Dictator Game
An economic experiment that measures how fairly individuals allocate resources between themselves and another participant, without any threat of punishment.
- Examine the effects of generosity and equity on economic choice-making.
Verified Answer
RS
Romario ScottJun 10, 2024
Final Answer :
A
Explanation :
Although there is variability in the outcomes of dictator games, previous experiments have shown that a significant minority of dictators keep all of the money for themselves. Therefore, given that Carlos is a representative individual, it is most likely that he will choose to keep all of the $20 for himself.
Learning Objectives
- Examine the effects of generosity and equity on economic choice-making.
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