12. Two people are playing an ultimatum game with $100. Player 1 can make an offer to...

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12. Two people are playing an ultimatum game with $100. Player 1 can make an offer to player 2, who can either accept or reject it. If player 2 accepts, then they split the money according to player 1’s offer. If player 2 rejects, neither of them get any money. Player 1 offers $2 to player 2.

What does traditional economic theory say player 2 will do?

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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