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Ultimatum Game and Dictator Game

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Questions and Answers

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?

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?

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?

Mental accounting Signup and view all the answers

What is the term for the impact of peer behavior and societal expectations on individual decisions?

Social influence Signup and view all the answers

What drives individuals to make decisions that are detrimental to their own self-interest in the ultimatum game?

Fairness considerations Signup and view all the answers

What is the primary goal of the dictator game in the context of social pressure and fairness?

To explore how people value fairness and respond to social pressures Signup and view all the answers

Which of the following is a potential consequence of accepting an unfair offer in the ultimatum game?

Damage to one's self-esteem and reputation Signup and view all the answers

What is the underlying motivation behind the rejection of unfair offers in the ultimatum game?

Desire to maintain a positive self-image Signup and view all the answers

In the context of the ultimatum game, what is the primary role of the 'responder'?

To accept or reject the offer made by the other player Signup and view all the answers