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?

<p>Mental accounting (D)</p> Signup and view all the answers

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

<p>Social influence (A)</p> Signup and view all the answers

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

<p>Fairness considerations (D)</p> Signup and view all the answers

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

<p>To explore how people value fairness and respond to social pressures (A)</p> Signup and view all the answers

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

<p>Damage to one's self-esteem and reputation (C)</p> Signup and view all the answers

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

<p>Desire to maintain a positive self-image (A)</p> Signup and view all the answers

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

<p>To accept or reject the offer made by the other player (D)</p> Signup and view all the answers

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