Asked by Keshawn Johnson on Jul 11, 2024
Verified
Which of the following is a key difference between the dictator game and the ultimatum game?
A) The dictator game is played with real money; the ultimatum game is played with hypothetical money.
B) In the dictator game, one person has total control over the split; in the ultimatum game, both players have to agree to the split.
C) Results of dictator game experiments reveal that people don't care about fairness; results of the ultimatum game indicate that they do care.
D) There is no difference between them; they are simply different names for the same game.
Dictator Game
A game used in experimental economics to study decision-making, where one player (the "dictator") determines how to split an endowment between themselves and another player.
Ultimatum Game
A game in economic experiments where two players decide how to divide a sum of money, with one proposing the split and the other accepting or rejecting it.
- Characterize the qualities and effects of the dictator and ultimatum games in illustrating examples of human behavior.
Verified Answer
Learning Objectives
- Characterize the qualities and effects of the dictator and ultimatum games in illustrating examples of human behavior.
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