Multiple Choice
Economists have been interested in the following interaction: A person is allowed to split a sum of money between himself and another person. The other person can then accept the split or reject it, in which case neither person gets anything. Economists call this interaction the:
A) ultimatum game.
B) prisoner's dilemma.
C) game of chicken.
D) sucker's payoff.
Correct Answer:
Verified
Correct Answer:
Verified
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