Podcast
Questions and Answers
What is the primary focus of the ultimatum game and the dictator game?
What is the primary focus of the ultimatum game and the dictator game?
- To examine the interplay between societal norms and individual behavior
- To study the impact of peer behavior on individual decisions
- To explore how people value fairness and respond to social pressures (correct)
- To investigate the cognitive biases associated with mental accounting
What is the term for the tendency to continue an endeavor once an investment has been made?
What is the term for the tendency to continue an endeavor once an investment has been made?
- Social influence
- Scarcity and cognitive bandwidth
- Sunk cost fallacy (correct)
- Mental accounting
What is the result of scarcity on people's cognitive capacity and decision-making?
What is the result of scarcity on people's cognitive capacity and decision-making?
- No impact on cognitive bandwidth
- Decreased cognitive bandwidth (correct)
- Only affects mental accounting
- Increased cognitive bandwidth
What is the term for how people categorize and treat money differently depending on its source or intended use?
What is the term for how people categorize and treat money differently depending on its source or intended use?
What is the term for the impact of peer behavior and societal expectations on individual decisions?
What is the term for the impact of peer behavior and societal expectations on individual decisions?
What drives individuals to make decisions that are detrimental to their own self-interest in the ultimatum game?
What drives individuals to make decisions that are detrimental to their own self-interest in the ultimatum game?
What is the primary goal of the dictator game in the context of social pressure and fairness?
What is the primary goal of the dictator game in the context of social pressure and fairness?
Which of the following is a potential consequence of accepting an unfair offer in the ultimatum game?
Which of the following is a potential consequence of accepting an unfair offer in the ultimatum game?
What is the underlying motivation behind the rejection of unfair offers in the ultimatum game?
What is the underlying motivation behind the rejection of unfair offers in the ultimatum game?
In the context of the ultimatum game, what is the primary role of the 'responder'?
In the context of the ultimatum game, what is the primary role of the 'responder'?