A proposer decides how to split a certain amount of money between him/herself and another player called the responder.

• Based on the answers, the average amount that each of would keep depending of the amount being split:

Amount being split	Amount you would keep for yourself
$10	$5.82
$100	$61.71
$1,000	$638.24
$10,000	$6,347.06
$100,000	$65,058.82

Part 2

• whether given a certain offer, you would accept/reject the offer. If you reject the offer, then no one gets anything.

The proposer keeps	The responder gets	Percentage of acceptances	Percentage of rejections
$9	$1	24%	76%
$90	$10	24%	76%
$900	$100	59%	41%
$9,000	$1,000	71%	29%
$90,000	$10,000	82%	18%

• Based on the results of the survey, create a summary of the data.
• What do these results tell you about bargaining behaviors?
• Were you surprised by the distribution of the data? Why or why not?
• How could these results be applied to the trading environment?

please answer each question separately and cite sources if needed be.