Social Norms and Decision Making
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Questions and Answers

What was the main difference observed between farmers and students in the Ultimatum Game experiment?

  • Farmers were motivated by pure self-interest
  • Students were more likely to offer a higher percentage of the pie
  • Students were more likely to reject high offers
  • Farmers were more likely to accept low offers (correct)

In the Ultimatum Game experiment, which group was more willing to ensure the proposer received nothing?

  • Students
  • Both farmers and students equally
  • Farmers (correct)
  • None of the farmers or students

What was a common characteristic among many responders in the Ultimatum Game experiment?

  • They all rejected offers below 50%
  • They were purely motivated by self-interest
  • They all accepted high offers
  • They accepted offers of 10% or below (correct)

Why were responders in the Ultimatum Game experiment unlikely to accept an offer of zero?

<p>They wanted to ensure the Proposer received nothing as well (D)</p> Signup and view all the answers

What was a key finding from the Ultimatum Game experiment regarding the acceptance of low offers by farmers?

<p>Farmers usually rejected low offers (D)</p> Signup and view all the answers

What was the range of offer options available to proposers in the Ultimatum Game experiment?

<p>0, 10, 20, 30, 40, 50% (A)</p> Signup and view all the answers

Which group had a higher acceptance rate for high offers in the Ultimatum Game experiment?

<p>Students (C)</p> Signup and view all the answers

What inference can be drawn about responders in the Ultimatum Game experiment based on their acceptance behavior?

<p>$0 was unanimously rejected by all responders (B)</p> Signup and view all the answers

Why might farmers be less likely to accept low offers in the Ultimatum Game experiment compared to students?

<p>Farmers valued fairness in transactions more than students (B)</p> Signup and view all the answers

What was a notable observation regarding the behavior of farmers towards low offers in the Ultimatum Game experiment?

<p>Farmers tended to reject low offers more than students did (C)</p> Signup and view all the answers

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