Scenario: phillip and joseph are two classmates who represented their college in a quiz competition as a team and won $500. however, the winning amount was handed over by the organizers to their professor who had accompanied them. the professor gave the money to phillip and asked him to offer any amount he wants to joseph. if joseph accepts the offer, the money would be split in the decided proportion between them. however, if joseph rejects the offer, the money would go to their college fund. refer to the scenario above. if joseph prefers fairness to money, phillip will offer the minimum amount of money to joseph he will always accept any offer made to him he will accept the offer if offered an equal share of the money he will not accept any offer made by phillip