Question
2. Take a proposer in the ultimatum game where all subjects have Fehr-Schmidt preferences, who believes that x > y for responders X and Y
2. Take a proposer in the ultimatum game where all subjects have Fehr-Schmidt preferences, who believes that x > y for responders X and Y respectively. Which responder would the proposer be more likely to offer more money to knowing this - X or Y? Explain.
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
