Advantage away from the other player in ultimatum game

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Reference no: EM13861565

You are given an offer to split a $20 bill. The other player offers you $1. If you accept the offer, you keep the $1 and the other player keeps $19. If you reject the offer, neither of you will get anything. Do you take the offer?

How could you take the advantage away from the other player in the ultimatum game?

Reference no: EM13861565

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