This should make it more clear! I tried to make it as clear as possible but please let me know if something is blurry or unclear!
Answer:
J
Step-by-step explanation:
Answer:
1. The rational, game-theoretic solution to this game is:
H. The proposer suggests a 50/50 division (so each player would get $30), and the responder accepts.
2. No. When this game is played with real people, the result does not typically match the game-theory prediction discussed in Part 1.
Step-by-step explanation:
Players in a game respond with different strategies, which are usually unknown to the second player. While people are expected to act rationally, most times, they do not. They are propelled by different rationality and preferences. Therefore, players' game strategies are unpredictable.
The equation r = u/st is equivalent to u = rst .
True
