In the ultimatum game, what split would be rational for both the person proposing the split and the person who must accept or reject the split ?

Related Mcqs:

Jamil’s car is in need of repair, so John decides to sell it avoid the repair bill. Unaware of the problem, Shahab buys the car. This is an example of ?

A. hidden actions B. adverse selection C. moral hazard D. adverse selection...

Which of the following is true under pairwise majority rule if people vote for the outcome closest to their most preferred outcome ?

A. The average preferred outcome wins B. There is no clear winner due to Arrow’s Impossibility Theorem. C. The outcome preferred by the median voter wins D. The outcome preferred by the greatest number of voters wins....

Jamil’s friend dies of a sudden heart attack. Jamil rushes to his doctor for an expensive physical examination. This response demonstrates that ?

A. People give too much weight to a small number of vivid observations B. People easily change their minds when confronted with new information C. People enjoy going to the doctor D. People tend to plan ahead and follow through on their plans...

Which of the following is a response to People’s inconsistent behavior over time ?

A. all of these answers B. forced contributions to a retirement plan C. year-end bonuses D. efficiency wages...

Nicole wants to avoid buying a car that is a lemon. She takes a car she would like to buy to her mechanic before she purchases it. This is known as ?

A. screening B. signaling C. moral hazard D. adverse selection...