Players on the non-iterative Ultimatum Game often reject low offers (thereby obtaining nothing) What is the standard explanation for this?
A) People act according to self-interest.
B) People are poor at logical reasoning.
C) It punishes the opponent for unfairness.
D) There is activation in the anterior cingulate cortex.

Question

Quizplus · Accepted Answer

The standard explanation for rejecting low offers in the Ultimatum Game is that it is a form of punishment for perceived unfairness by the proposer.

Players on the Non-Iterative Ultimatum Game Often Reject Low Offers