The Ultimatum Game- Are people rational?
Interactive Video
•
Business
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11th Grade - University
•
Hard
Wayground Content
FREE Resource
Jacob Clifford introduces a classroom activity called the Ultimatum Game, aimed at teaching behavioral economics. The activity involves students making decisions about splitting bonus points, highlighting concepts like rationality, fairness, and opportunity cost. The video provides detailed instructions for teachers on how to conduct the activity and discusses the economic insights gained from it.
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OPEN ENDED QUESTION
3 mins • 1 pt
What new insight or understanding did you gain from this video?
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