Consider the same ultimatum game as in the previous question but consider some new preferences reflecting a desire for fairness. In particular, now assume players get 1 util per dollar earned but lose 1/4 util for the absolute difference between their monetary payoffs. Which of the following is an offer that arises in a subgame-perfect equilibrium with these new preferences?
a. 1.
b. 2.
c. 4.
d. 5.
b
Economics
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In the long run, a perfectly competitive firm leaves the market if the market price is less than the firm's average total cost
Indicate whether the statement is true or false
Economics
Assets denominated in foreign currency and use in international transactions are referred to as:
A) foreign money B) international reserves C) international monetary base D) foreign exchange
Economics