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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?

They wanted to ensure the Proposer received nothing as well Signup and view all the answers

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

Farmers usually rejected low offers Signup and view all the answers

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

0, 10, 20, 30, 40, 50% Signup and view all the answers

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

Students Signup and view all the answers

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

$0 was unanimously rejected by all responders Signup and view all the answers

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

Farmers valued fairness in transactions more than students Signup and view all the answers

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

Farmers tended to reject low offers more than students did Signup and view all the answers