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Essay

The Ultimatum Game

Essay specific features

 

Issue:

Psychology

 

Written by:

Rita C

 

Date added:

June 15, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1062

 

Was viewed:

5338 times

 

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Essay content:

Experiments have shown that those who demand more will often get more (Myers, 2008). However, results demonstrate that players rarely employ the rational strategy. Proposers typically make offers of 40 to 50% and responders routinely reject offers under 20% (Jensen, Call & Tomasello, 2007). This leaves both parties with lower outcomes than they would have achieved had they acted in accordance with the self-interest model...
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People are concerned with the interests of others and are sensitive to norms of cooperation and fairness (Jensen et al., 2007). When faced with an unfair offer, responders experience a conflict between an emotional “reject” decision provoked by the unfairness of the offer and a rational “accept” decision based on the desire to maximize one's gain...
displayed 300 characters

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