All categories

3 years ago

Experiments based on the "ultimatum game" indicate that people are generally:

Business

1 answer:

12345 [234]3 years ago

5 0

Answer:

The correct answer is letter "B": willing to pay money (reduce their income) to enforce their own sense of fairness.

Explanation:

The "ultimatum game" is an economic strategy in which two individuals are gathered knowing they will see each other only once. The first individual is in charge of proposing an offer on diving an amount of money. If the second individual rejects the offer neither one of them gets anything. If the second individual accepts the offer, the first individual obtains what was demanded and the rest goes for the second individual.

Thus, the "ultimatum game" shows how someone (the second individual) could turn down a unique offer that does not meet his or her demands. This, with plain knowledge the offer another individual could provide, might be worse, thus, reducing the chances to obtain what is desired for defending his or her sense of fairness.

You might be interested in

Within the context of Jennifer Aaker's analysis, identify the brand personality that can be associated with a new product whose

Vilka [71]

Answer:

The correct answer is letter "C": competence.

Explanation:

American writer, educator, and psychologist Jennifer Aaker (born in 1967) is the author of the Brand Dimensions model in which she describes five (5) dimensions companies used for the marketing of their products that are related to individuals' personalities. Those personalities are:

Sincerity: characterized by honesty and cheer.
Excitement: characterized by dare, spirit, and imagination.
Competence: characterized by reliability, intelligence, and success.
Sophistication: characterized by the upper class, charm.
Ruggedness: characterized by being outdoorsy and tough.

5 0

4 years ago

If the several companies in the tobacco industry produce similar products but have very different marginal costs: they are more

Illusion [34]

Answer:

If the several companies in the tobacco industry produce similar products but have very different marginal costs: they are more likely to engage in tacit collusion than firms with similar costs.

Explanation:

Tacit collusion occurs when firms silently agree on a strategy that will benefit them both either by cutting cost or increasing patronage.

If the several companies in the tobacco industry produce similar products but have very different marginal costs, some firms might decide to collude tacitly by lowering their prices therefore controlling a larger potion of the addressable market.

The reason this action is taken silently is because express collusion will attract legal sanctions that will be supported by firms within the industry that did not collude.

8 0

3 years ago

Final customers or users are normally asked to pay ______________ prices for products they buy. 1. basic list 2. unchanging list

bulgar [2K]

Usually final customers pay basic list prices. A list price is what the manufacturer suggests the retail price is. This type of price is determined by supply and demand. It is usually the initial asking price. The basic price is the amount receivable by the producer from the purchaser for a good or service that is produced minus the taxes.

5 0

3 years ago

Why is it important for professionals in any career to have good self representation skills

ArbitrLikvidat [17]

B I think is have a good day

6 0

4 years ago

What is the payback (in years) of a project with the following cash flows? Year 0 1 2 3 Cash Flow -$100 40 40 80 Group of answer

galina1969 [7]

Answer:

2.25 years

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Please check the attached image for a table showing how the payback period was calculated

6 0

3 years ago