Question: Explain the behavioral intuition: a proposer and a responder split a fixed sum of $10. x shares for the proposer and 1-x shares for the

Explain the behavioral intuition: a proposer and a responder split a fixed sum of $10. x shares for the proposer and 1-x shares for the responder. the responder states a minimum acceptable offer (MAO) that is the amount below which the responder will reject the offer. Both paired subjects receive the proposed amounts if proposer's offer exceeds responder's minimum acceptable offer. Otherwise, both receive zero. why randomised MAO is lower than standard treatment

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