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Spike,<br>
<br>
Interesting piece. If I was the first player, I would always
offer an even 50/50 split. But if I was the one that received an
offer of even the smallest possible amount, I would still accept
it.<br>
<br>
But a personal belief of mine probably has significant effect on
the way I behave in any such cases. This belief is that some day
perfect justice for all will be achieved. In other words, if a
dude offered me $1, and wanted to keep $99, and if I accepted. In
heaven, the future, he would have to make a restitution, to make
things fair, and pay me back, including interest. If that is
deemed by future Gods, to be just, anyway. If not, then I
wouldn't care anyway. In other words, I believe in building up
rewards in heaven, by doing such give of myself to others as much
as possible way. And my kids are going to owe me big time for
creating them!<br>
<br>
What does everyone else think about such, and what choices would
you make?<br>
<br>
Brent Allsop<br>
<br>
<br>
<br>
<br>
On 2/26/2013 9:27 PM, spike wrote:<br>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">This is a long article, but the interesting
part of it is stated in the first four or five paragraphs:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><a moz-do-not-send="true"
href="http://www.psmag.com/magazines/pacific-standard-cover-story/joe-henrich-weird-ultimatum-game-shaking-up-psychology-economics-53135/">http://www.psmag.com/magazines/pacific-standard-cover-story/joe-henrich-weird-ultimatum-game-shaking-up-psychology-economics-53135/</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The game goes like this: a test subject is
given 100 bucks. She must offer some of it to a second
player, any amount she chooses. If the second player accepts,
they second player gets the amount offered and the first gets
whatever is left. If the second player refuses, then both
players get nothing.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">What a cool game!<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The article tells of Americans and their
typical way of playing, the way I would play under those
circumstances: offer the second player 50 bucks. Good chance
she would take it and we both get 50. But if I am the second
player and some greedy bastard offers me 40, I might gently
explain where to stuff her 60 bucks.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">In any case, I never would have guessed it:
an entire population was found who play the game far
differently. In this ultimatum game, the Peruvian first
players would typically offer way less, and the second players
would usually accept. Fascinating! I never thought about it,
but it explains why we have soooo many lawyers in the US.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Europeans among us, how would you play that
game? If I offered you 40, would you take it?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I thought of a cool experiment: we get some
number of players, each kick in 100 bucks. Then each player
gets to be the first player once and the second player once.
Every pair of players gets to negotiate anonymously online, so
an annoyed loser will never come to your office and whoop your
ass. It would be a zero sum game: in those cases where there
was a refusal, the 100 bucks would go into a pot which would
be divided evenly among the players after everyone has played
their two rounds. When you are the first player and you draw
a wimp and you play aggressively, you might get 60, then the
next round some fair-minded soul offers you 50 which you
accept, so now you are at 110 plus perhaps another 20 to 30
bucks as your share from the hotheads who couldn’t negotiate
their way out of a wet paper sack.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">COOL! <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">spike<o:p></o:p></p>
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