Business, 03.01.2020 04:31 reneebrown017

Edgar and felicity are players in an ultimatum game for $100, where felicity is the proposer and edgar is the responder. suppose that felicity proposes that she receive $95, while edgar receives only $5. how would behavioral economists expect edgar to respond?
a. even though edgar would be better off having $5 versus nothing, edgar will likely see the offer as unfair and reject it.
b. edgar will accept the $5, as rejecting it would be economically irrational.
c. edgar will suggest a counteroffer that he would accept.
d. edgar will accept the offer if he is thinking with brain system 1 but reject it if thinking with brain system.

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Edgar and felicity are players in an ultimatum game for $100, where felicity is the proposer and edg...

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