Term

Ultimatum

An economic game: one player splits a sum, the other can accept the split or refuse it, in which case neither gets anything.

Behave: The Biology of Humans at Our Best and Worst, Robert M. Sapolsky

Explained in

• Behave: The Biology of Humans at Our Best and Worst, Robert M. Sapolsky
• The Art of Strategy, Avinash Dixit, Barry Nalebuff

  The Ultimatum game, a well-known experiment in economics: one participant proposes how to split a sum, the second accepts or rejects it, and if the offer is rejected, both get nothing.

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