Question: please do all qns or will downvote A new area of economics studies situations in which people appear to be making choices that do not
please do all qns or will downvote A new area of economics studies situations in which people appear to be making choices that do not appear to be economically rational. This area is called behavioral economics,social economics, new wave economics., irrational economics.Consider the ultimatum game, where an "allocator" is given, say, $100.00 to decide how to divide with a "recipient," who then decides whether to accept or reject the(1) 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 $________ and the recipient then( ACCEPTS, OR REJECTS) the division. (Enter your response as a real number rounded to two decimal places.)
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