The Ultimatum Game is primarily used to explore which aspect of decision-making?
Understand the Problem
The question is asking about the primary aspect explored by the Ultimatum Game in terms of decision-making. The focus is on identifying whether it relates to heuristics, rationality, fairness, or social exchange.
Answer
Fairness and negotiation in decision-making.
The Ultimatum Game is primarily used to explore fairness and negotiation in decision-making.
Answer for screen readers
The Ultimatum Game is primarily used to explore fairness and negotiation in decision-making.
More Information
The Ultimatum Game is a simple yet powerful tool that demonstrates the human consideration for fairness, often leading to rejection of offers perceived as unfair even at a cost to oneself.
Tips
A common mistake is to assume the responder will accept any non-zero offer solely based on rational economic logic, when human concerns for fairness often lead to different outcomes.
Sources
- Ultimatum Game - an overview | ScienceDirect Topics - sciencedirect.com
- Ultimatum game - Vocab, Definition, and Must Know Facts | Fiveable - library.fiveable.me
- The Ultimatum Game - iMotions - imotions.com
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