Asked by
Chun Hong Leung
on Nov 25, 2024Verified
The results of running the dictator game experiments thousands of times have revealed to behavioral economists that
A) people's sense of fairness is fairly uniform across the population.
B) most people have little concern for others when it comes to financial matters.
C) individual feelings about fairness and generosity vary widely across the population.
D) most people are willing to give more than they will keep for themselves.
Dictator Game Experiments
Behavioral experiments in economics where an individual (the "dictator") is given a sum of money and can choose how to split it between themselves and a second participant who has no influence over the decision.
Sense of Fairness
The natural or developed perception and understanding individuals have towards equity, justice, and impartiality within interactions and exchanges.
- Delve into the influence of equity on economic decisions and its variability from one individual to another.
Verified Answer
CS
Learning Objectives
- Delve into the influence of equity on economic decisions and its variability from one individual to another.