Willa and Lora are playing the dictator game. Let $w_{w}$ and $w_{L}$ be the amount of money Willa and Lora receive in the game, respectively. Willa's preferences are given by $U\left(w_{w}, w_{L}\right)=$ $\min \left(w_{w}, w_{L}\right)$. Willa plays the role of the dictator and must decide how to split $\$ 10$. How much will Willa keep and how much will she give to Lora?

Question

Quizplus · Accepted Answer

The Answer of Willa and Lora are playing the dictator game. Let $w_{w}$ and $w_{L}$ be the amount of money Willa and Lora receive in the game, respectively. Willa's preferences are given by $U\left(w_{w}, w_{L}\right)=$ $\min \left(w_{w}, w_{L}\right)$. Willa plays the role of the dictator and must decide how to split $\$ 10$. How much will Willa keep and how much will she give to Lora?

Willa and Lora Are Playing the Dictator Game www_{w}ww​ And wLw_{L}wL​ Be the Amount of Money Willa and Lora Receive in And w_{L}

Willa and Lora Are Playing the Dictator Game $w_{w}$ And $w_{L}$ Be the Amount of Money Willa and Lora Receive in And w_{L}