Question 11 Hoffman, McCabe and Smith did a study comparing results from Ultimatum Games with 'low-stakes' ($10) vs. res
Posted: Fri Jun 10, 2022 11:19 am
Question 11
Hoffman, McCabe and Smith did a study comparing results from Ultimatum Games with 'low-stakes' ($10) vs. results from those with 'high-stakes' ($100),
in 'high-stake' games players did not seem to care about fairness
in 'high-stake' games Responders did not reject any offer
the proportion of money offered in 'high-stake' games tended to be significantly lower than in 'low-stake' games
data from 'high-stake' games was indistinguishable from 'low-stake' games' data
Hoffman, McCabe and Smith did a study comparing results from Ultimatum Games with 'low-stakes' ($10) vs. results from those with 'high-stakes' ($100),
in 'high-stake' games players did not seem to care about fairness
in 'high-stake' games Responders did not reject any offer
the proportion of money offered in 'high-stake' games tended to be significantly lower than in 'low-stake' games
data from 'high-stake' games was indistinguishable from 'low-stake' games' data