Draw a game tree that represents the ultimatum game in which the proposer is a first mover

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Draw a game tree that represents the ultimatum game in which the proposer is a first mover who decides how much to offer a responder and the responder then decides to accept or reject the offer. The total amount available is $50 if agreement is reached but both players get nothing if the responder rejects the offer.

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Strategic Management For Hospitality And Tourism

ISBN: 9780750665223

1st Edition

Authors: Fevzi Okumus Levent Altinay Prakash Chathoth

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