In an economic experiment, a 'Proposer' must offer a portion of $100 to a 'Responder'. If the Responder accepts, they both keep their shares; if the Responder rejects, neither gets anything. The Proposer calculates that offering $40 will maximize their own expected financial return, considering the probabilities of rejection at different offer levels. However, the Proposer ultimately decides to offer $50. Which of the following best explains this decision, assuming the Proposer is not making a calculation error?
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