Experiments based on the "ultimatum game" indicate that people are generally:
A) rational because they will take any amount offered to avoid the possibility of losing money.
B) willing to pay money (reduce their income) to enforce their own sense of fairness.
C) not interested in utility.
D) irrational because they reject every offer.

Question

Quizplus · Accepted Answer

Experiments with the ultimatum game show that people often reject offers they perceive as unfair, even if it means they receive nothing, indicating they value fairness over maximizing monetary gain.

Experiments Based on the "Ultimatum Game" Indicate That People Are