The ultimatum game reveals that
A) it does not make sense to try to maximize profits.
B) people may have an innate sense of fairness that economic theory does not capture.
C) people may have an innate sense of fairness that economic theory does not capture.
D) offering someone a wildly unfair outcome is usually ok since people tend to make decisions using a "something is better than nothing" philosophy.
D) Both a and

Question

Quizplus · Accepted Answer

The ultimatum game demonstrates that people may have an innate sense of fairness that economic theory does not capture. This suggests that maximizing profits may not always be the most important factor in decision making, and that social norms and values can play a role as well. Option A is incorrect because it suggests that maximizing profits is not important, which is not necessarily true. Option D is incorrect because it suggests that offering a wildly unfair outcome is usually okay, which is not supported by the research on the ultimatum game.

The Ultimatum Game Reveals That