Author Question: In an ultimatum bargaining situation, one party makes a single and final offeran ultimatumto ... (Read 11 times)

melina_rosy · **on:** Jul 7, 2018

In an ultimatum bargaining situation, one party makes a single and final offeran
ultimatumto another party. If the offer is refused, then neither party gets anything.

According
to economists, what is the ideal demand to make in an ultimatum game, in which you can make
a single offer that would divide 100 between yourself and another player?
A) 100 (self); 0 (other) B) 51 (self); 49 (other)
C) 99.99 (self); .01 (other) D) 50 (self); 50 (other)

Question 2

It never hurts to be socially connected to someone the other party knows.

Indicate whether the statement is true or false