please do all qns or i will downvote Consider the ultimatum game, where an "allocator" is given, say, $20.00 to decide how to divide with a "recipient," who then decides whether to accept or reject the allocation, ultimately determining whether the pair receives the allocation or nothing. What is the optimal play in the ultimatum game? The optimal play in the ultimatum game is for the allocator to propose a division of the money such that the recipient receives $ 0.01 and the recipient then accepts the division. (Enter your response as a real(3) number rounded to two decimal places.) When the ultimatum game experiment is carried out, both allocators and recipients act as if fairness importis notis In recent years, some economists have begun studying situations in which people do not appear to bemaking choices that are economically rational.This new area of economics is called behavioral economicsWhy might consumers not act rationally?Consumers mightO A. don't take into account monetary costs.OB. only take actions that are appropriate to reach their goals.C. be overly accurate about their future behavior.OD. take into account nonmonetary opportunity costs. OE. fail to ignore sunk costs.Consider the ultimatum game, where an "allocator" is given, say, $20.00 to decide how to divide with a "recipient," who then decides whether to accept or reject the allocation, ultimately determining whether the pair receives the allocation or nothing. What is the optimal play in the ultimatum game? The optimal play in the ultimatum game is for the allocator to propose a division of the money such that the recipient receives $ 0.01 and the recipient then accepts the division. (Enter your response as a real number rounded to two decimal places.)When the ultimatum game experiment is carried out, both allocators and recipients act as if fairness important is not is