uestion 1 /hich of the following is correct? the prisoners' dilemma game, the equilibrium is ometimes socially optimal. ne lab experiments of the public goods game how that people are not solely self-interested. the lab experiments of the ultimatum game, ffers by the proposer are never rejected by the esponder because something is better than othing. ne ultimatum game is a simultaneous game.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
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question 1
Which of the following is correct?
а.
In the prisoners' dilemma game, the equilibrium is
sometimes socially optimal.
b.
The lab experiments of the public goods game
show that people are not solely self-interested.
С.
In the lab experiments of the ultimatum game,
offers by the proposer are never rejected by the
responder because something is better than
nothing.
d.
The ultimatum game is a simultaneous game.
Transcribed Image Text:question 1 Which of the following is correct? а. In the prisoners' dilemma game, the equilibrium is sometimes socially optimal. b. The lab experiments of the public goods game show that people are not solely self-interested. С. In the lab experiments of the ultimatum game, offers by the proposer are never rejected by the responder because something is better than nothing. d. The ultimatum game is a simultaneous game.
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