Scenario: Neil and Claire are playing a game. Neil has been given five cookies and has been asked to decide how many he would like to give Claire. Claire has to decide whether to accept Neil's offer or reject it.
-Refer to the scenario above.This is an example of a(n)________.
A) mixed strategy game
B) ultimatum game
C) symmetric game
D) prisoners' dilemma game

Question

Quizplus · Accepted Answer

This is an example of an ultimatum game, where one player (Neil) has to make an offer and the other player (Claire) has to decide whether to accept it or reject it. The best choice for Neil would be to offer Claire at least two cookies, as research has shown that offers of less than 20-30% of the total tend to be rejected. However, Claire's decision to accept or reject the offer depends on her own preferences and beliefs about fairness.

Scenario: Neil and Claire Are Playing a Game