Suppose Justine and Sarah are playing the ultimatum game. Justine Is the proposer, has $250 to allocate, and Sarah can accept or reject the offer. Based on repeated experiments of the ultimatum game, what combination of payouts to Justine and Sarah Is most lIkely to occur?

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.