The ultimatum game
The ultimatum game
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Entrepreneurship | Business | Wealth on Instagram: "Follow @entrepreneurdominate for more insights like this! The “Ultimatum Game” is a classic experiment in economics and psychology that reveals how people value fairness over money. In the game, one person is given $100 and must offer some portion to their partner. If the partner rejects the offer, neither person gets anything. Economists argue that the “rational” move is to offer just $1, since the partner should accept any amount over zero. B
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