Multiple Choice

In a one-shot game, a Proposer is allocated $100 and makes a take-it-or-leave-it offer to a Responder. The Proposer offers to give the Responder $35 and keep $65. If the Responder accepts, the money is split as proposed. If the Responder rejects, both players receive $0. Which statement best analyzes the Responder's likely decision-making process when considering this offer?

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Updated 2025-08-11

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