For 10 points, name this two-player game in which one player proposes that a sum of money be divided in a certain way, and the other player can either accept or reject their offer.
Sanfey et al. observed activity in the anterior insula when people played this game, which they used to argue for the role of emotions in decision-making. Henrich's experiments with this game among the Machiguenga showed that culture matters in economic behavior. A variant of this game with more than two players is the pirate game. A degenerate variant of this game in which one of the participants does not play an active role is called the (*) dictator game. Though the rational strategy in this game is to accept any proposal, people typically reject proposals which are below around 30%. For 10 points, name this two-player game in which one player proposes that a sum of money be divided in a certain way, and the other player can either accept or reject their offer.
Sanfey et al. observed activity in the anterior insula when people played this game, which they used to argue for the role of emotions in decision-making.
ultimatum game