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Why should you think twice about taking a bet offered by others? If you were the proposer actually playing the ultimatum game (say, randomly paired
- Why should you think twice about taking a bet offered by others?
- If you were the "proposer" actually playing the ultimatum game (say, randomly paired with someone in the class), how would you propose to split $100 between you and the other student? (No correct answer.) What does traditional game theory (note: not actual experiments) predict will happen in this game?
- What is the definition of a Nash equilibrium?
- What is a dominant strategy? What is a dominated strategy?
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
