Author Question: How does the dictator game differ from the ultimatum game? a. The responder can dictate whether the ... (Read 369 times)

bobbysung · **on:** Jul 1, 2018

How does the dictator game differ from the ultimatum game?
a. The responder can dictate whether the offer is accepted or not.
b. The responder has no choice but to accept the proposal.
c. The experimenter takes over the proposer's role, inserting an offer designed to test a hypothesis.
d. If the responder rejects, the proposer obtains the whole pie.

Question 2

When there is an Equilibrium (or a Nash Equilibrium), we expect that:
a. once the firms get there, no one will change their strategy.
b. firms will tend to select a randomized strategy.
c. neither firm will care what it does.
d. this is always a dominated strategy.