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Business, 01.12.2021 01:20 pthalia

The empirical evidence in the ultimatum bargaining games shows that people often reject offers that are smaller than $2 out of a $10 endowment. This behavior can be explained by (A) the standard economic model of self-interest; (B) altruism; (C) the Charness-Rabin model of altruism and reciprocity; (D) none of the above.

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