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Other Fields Homework Help Economics Topic started by: Satsume on Oct 24, 2017



Title: Standard game theory predicts a solution to the ultimatum game that is rarely observed when people ...
Post by: Satsume on Oct 24, 2017
Standard game theory predicts a solution to the ultimatum game that is rarely observed when people actually play the game.  The key reason that behavioral economists believe the predicted and observed outcomes differ is because people account for ________ of the outcome when making decisions.
A) loss aversion
B) fairness
C) efficiency
D) utility


Title: Re: Standard game theory predicts a solution to the ultimatum game that is rarely observed when ...
Post by: oracledarren on Oct 24, 2017
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