Consider the following game, where the top number at the end of each node refers to the payoff for the proposer and the bottom number refers to the payoff for the responder.
Suppose this game is set up as the "impunity game" and the Proposer has chosen "Bottom". Based on the results of the Bolton and Zwick study, which of the following statements is correct?
A) The responder is likely to choose "reject" if P1= $2.00; R1 = $2.00.
B) The responder is unlikely to choose "reject" regardless of the values of P1 and R1.
C) The responder will always choose "reject" always regardless of the values of P1 and R1.
D) The responder is likely to choose "reject" if P1= $3.80; R1 = $0.20.
Correct Answer:
Verified
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