In a one-shot interaction where one person proposes how to split $100 and a second person (the Responder) can accept or reject the offer (with rejection leading to zero payoff for both), a Responder who is solely motivated by maximizing their own immediate financial gain should reject any offer where they receive less than $20.
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Ch.4 Strategic interactions and social dilemmas - The Economy 2.0 Microeconomics @ CORE Econ
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Proposer's Strategic Decision in the Ultimatum Game
In a one-time interaction, two individuals must decide how to split $100. The first person (the Proposer) suggests a split, and the second person (the Responder) can either accept it or reject it. If the Responder accepts, the money is divided as proposed. If the Responder rejects, both individuals receive nothing. The Proposer offers to give the Responder $1 and keep $99 for themselves. Which statement provides the most accurate analysis of the Responder's decision-making process if they choose to reject this offer?
Responder's Dilemma in a Resource Split
Analyzing the Responder's Decision in a One-Shot Division Game
In a one-shot interaction where one person proposes how to split $100 and a second person (the Responder) can accept or reject the offer (with rejection leading to zero payoff for both), a Responder who is solely motivated by maximizing their own immediate financial gain should reject any offer where they receive less than $20.
The Responder's Conflict
In a one-shot game, a Proposer suggests how to split $100 with a Responder. The Responder can either accept the split or reject it, in which case both receive nothing. Match each scenario (an offer and the Responder's decision) with the most likely underlying rationale for that decision.
Two individuals are tasked with splitting a $100 bonus. The first person proposes a split, and the second person can either accept it (they get the money as proposed) or reject it (both get nothing). This is a one-time interaction. Arrange the following offers from the perspective of the second person, starting with the offer most likely to be rejected and ending with the offer least likely to be rejected.
In a one-time interaction, two individuals must divide $100. The first person (Proposer) offers a split, and the second person (Responder) can accept or reject it. If rejected, both get nothing. The Proposer offers the Responder $10 and plans to keep $90. The Responder rejects this offer. Which of the following statements provides the least compelling explanation for the Responder's decision?
Contrasting Responder Strategies
Evaluating a Strategic Justification
Responder's Punitive Reaction to Offers Breaching Social Norms