Economic Anthropology

What are "economic men"? (click on the 3 best choices)

• A basic belief of much of Western economic theory.

• People who want to maximize their wealth.

• People who want to minimize their labor.

• A bunch of nerds.

2. What are examples of how anthropologists have tested the concept of the "economic men" theory? (choose 2)

• Dictator game

• Monopoly

• Tic Tac Toe

• Ultimatum game

In the dictator game, the proposer is given a sum of money and told to split it with the responder. If people try to maximize their wealth and minimize their work, what do we expect the proposer to do?

• Give all the money away

• Burn the cash

• Keep the entire sum

• Split it 50/50.

In the U.S. and other wealthy nations, what % of proposers keep the entire sum during the dictator game?

• 30-40%

• 100%

• 0%

• 85-90%

In the ultimatum game, the proposer offers to split a sum of money . What may the responder do? (Pick 2 choices)

• Fight the proposer

• Accept the split

• Responder is not allowed to do anything.

• Reject the split.

In the ultimatum game, why would a respondent who behaved like “economic man” would accept the offer?

• Because the respondent has no other option.

• • Accepting the offer involves no financial cost and even a very low offer is greater than nothing.  

• So that the proposer loses.

• All of the above.

TRUE or FALSE: The results of the dictator and ultimatum games demonstrate the social and cultural dimensions of economic decision making.

• True

• False

TRUE or FALSE: The fact that a strong majority of proposers give responders something may show that all people have a bias toward generosity. 

• True

• False