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    Staff, MUSAGURNIS, N/A, Irwin, mariasvampapaola, Bender, Drimmer, FINEGOLD, JUSTINHOFFMAN, MarilynL.McCoy, chiarilli
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  • 50 terms

    Term:

    What is Ultimatum Game? Importance of Ultimatum Game?

    Definition:

    Ultimatum game is an "economic" model game where player 1 decides how he'd like to split $1000; player 2 deciding if the split offered by player is acceptable. If player 2 accepts, they both get their respective split. If player 2 refuses, both players get no money. The importance of ultimatum game is to take into account someone feelings, interests and motives. Importance of having the correct mental model or implicit theory of what motivates other people [social intelligence]

    • Social Psyc.
    • 50 terms
    • Vocabulary for Social Psyc.. Find, create, and access flashcards with Course Hero.

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