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In a negotiation game, a Proposer is given $100 and makes a single take-it-or-leave-it offer simultaneously to two Responders. The Proposer offers to give one of them $1. If both Responders reject, everyone gets $0. If one or both accept, the deal is made with one of the accepting Responders (chosen randomly if both accept), and the Proposer keeps the rest. From the perspective of a purely self-interested Responder, what is the primary reason to accept this $1 offer?
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In a negotiation game, a Proposer is given $100 and makes a single take-it-or-leave-it offer simultaneously to two Responders. The Proposer offers to give one of them $1. If both Responders reject, everyone gets $0. If one or both accept, the deal is made with one of the accepting Responders (chosen randomly if both accept), and the Proposer keeps the rest. From the perspective of a purely self-interested Responder, what is the primary reason to accept this $1 offer?
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