Can You Win This Game?
Would you pay to make things fair, or maximize your profit? Let me know below in the comments! My Twitter: https://twitter.com/nessyhill | Instagram: https://instagram.com/nessyhill/ And SUBSCRIBE...
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This is a game. It’s called the Ultimatum Game and there’s a big pot of money. But you have to split that pot with me. You need to decide how you want to split the pot – think 80/20 or 50/50 – and suggest that to me. If I agree, we both get our share. If I reject the offer, neither of us get any money. What do you do? This game has been used a lot in tests of fairness. And things like your brain chemistry or electrical stimulation of certain brain regions affect how people decide to split the pot, and if others accept their offer. In one study, participants were given a pill of amino acids or a placebo, and then they played the Ultimatum Game. Those who had the amino acid pill rejected unfair offers in 80% of cases, and those who took the p...
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This is a game. It’s called the Ultimatum Game and there’s a big pot of money. But you have to split that pot with me. You need to decide how you want to split the pot – think 80/20 or 50/50 – and suggest that to me. If I agree, we both get our share. If I reject the offer, neither of us get any money. What do you do? This game has been used a lot in tests of fairness. And things like your brain chemistry or electrical stimulation of certain brain regions affect how people decide to split the pot, and if others accept their offer. In one study, participants were given a pill of amino acids or a placebo, and then they played the Ultimatum Game. Those who had the amino acid pill rejected unfair offers in 80% of cases, and those who took the p...
