Asked by Brunie Theard on Mar 10, 2024

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The dictator and ultimatum games reveal that fairness and concern for others motivate people's behavior.

Dictator Games

A type of experimental game in economics where one player, the "dictator," determines how to split an endowment between themselves and another player, the "recipient."

Ultimatum Games

Represent a scenario in economic experiments where one participant proposes a division of resources, and the other can accept or reject the offer, which, if rejected, leaves both with nothing.

  • Grasp the significance of fairness, altruism, and social norms in dictating behavior beyond self-interest.
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DH
Duyên Hoàng

Mar 10, 2024

Final Answer :
True
Explanation :
These games in experimental economics show that individuals often make decisions that prioritize fairness and the well-being of others over maximizing their own monetary gain, indicating that motivations beyond self-interest, such as fairness and altruism, influence behavior.