Explanation The decision of the individuals will be based on the preferences of the players. There may be players with strong preferences which will prevent them from accepting and rejecting the offers when they are treated fairly. Thus, the dictator in the ultimatum game offering the half are the people who value the desire of the other players and are ready to equally share the amount among themselves. Their offers will not be rejected because there is no illegal offer and the offer provides exactly the same benefit to the dictator as well as the other player. Option (a): The fear of rejection by the fair minded responder is an important reason which leads in offering equal share by the dictator. The fair responders will have more strong preferences. They will reject any unequal splits. Thus, the fear leads to the equal share offer by the proposer. Thus, option ‘A’ is correct. Option (c): The offering of the equal share by the proposer to the responder also explains the strong equality attitude of the proposer...

Ethics of a proposer.

EBK MICROECONOMICS

21st Edition

ISBN: 8220103960151

Author: McConnell

Publisher: YUZU

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