Padma and Jake are playing an ultimatum game where Padma is given $10,000 and asked to propose a way of splitting it with Jake. When Jake learns Padma’s proposal, Jake chooses whether to accept or reject the split. If Jake accepts the split, both players receive the money according to Padma’s split proposal. If Jake rejects the split, both players receive nothing. This game will be played only once, so Jake does not have to worry about reciprocity when making his choice.
Which of the following split proposals would Jake be most likely to accept if he and Padma were playing the game in an experimental session and both players adhered to bounded rationalism?
Padma receives $9,000 and Jake receives $1,000.
Padma receives $9,900 and Jake receives $100.
Padma receives $8,000 and Jake receives $2,000.
Padma receives $6,500 and Jake receives $3,500.
Padma receives $5,000 and Jake receives $5,000.