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In ultimatum games, the rational (i.e. optimal) strategy for the respondent is: Only accept high offers, but reject low ones. Only accept fair offers, but
In ultimatum games, the rational (i.e. optimal) strategy for the respondent is: Only accept high offers, but reject low ones. Only accept fair offers, but reject unfair ones. Accept any offer no matter how low it is as long as it pays something. There is no rational st
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
