What this shows is that ubiquitously, folk do not make decisions on the basis of rationally maximising their self-interest. Some other factor intervenes. What that is, is open to further research. — Banno
maximising their self-interest. — Banno
What this shows is that ubiquitously, folk do not make decisions on the basis of rationally maximising their self-interest. Some other factor intervenes. — Banno
So I've ten dollars. To keep the money, I must divide it with you. I could give you a dollar and keep nine, and we would both be better off - you get a dollar that you would otherwise not receive, I get nine dollars. — Banno
You got free money, yes? You didn't earn it, but in order to keep it, you have to share it.
By offering a paltry share, you show yourself to be an avaricious and ungracious beneficiary.
The persons - including myself - who reject such an offer are showing you that uncivic-minded individuals like yourself are not welcome in our community; a dollar will not buy you acceptance. — Vera Mont
Depends what that really means. Does self-interest have to incorporate simply monetary gain? Keeping one's dignity can be in one's self-interest, perhaps. Viewing something as unfair and so proving that point can be in one's self-interest. — schopenhauer1
You're not seeing this right. I am with the person rejecting the offer. I would reject it, too.But divers and varied experiments have shown that, irrationally, this will result in your rejecting my offer, and us both receiving nothing. Offers of less than $2 (20%) are rejected. Most offers are around 40-50%.
Folk prefer to receive nothing rather than an amount considered too small.
What this shows is that ubiquitously, folk do not make decisions on the basis of rationally maximising their self-interest. Some other factor intervenes. — Banno
My sense of fairness is worth more that $1 or even $10. If it were $10,000, that would be a different thing. On the other hand, telling someone to go fry ice when he tries to stiff me for thousands might be worth it. — T Clark
What this shows is that ubiquitously, folk do not make decisions on the basis of rationally maximising their self-interest. Some other factor intervenes. What that is, is open to further research. — Banno
Need would be a factor, I would think. — Ciceronianus
Hey, if a guy has the power to give me something fair, I have a buck in my pocket. I don't need to benefit him. — Moliere
So you adopt the attitude of Homo Economicus? Yes, that's what games theory says we should do. But few of us actually act in this way. Offers of less then 20% are routinely rejected, despite being a win-win. — Banno
What I'm interested in is that the game shows that we intuitively reject the correct games-theoretical response, which is to accept any offer. Compare that with the recent discussions here of Moore's arguments that we intuit the good. — Banno
Is our intuition of the good the manifestation of an evolved strategy? Is what feels fair is a result of natural selection towards an appropriate stochastic games theoretical strategy? — Banno
And if it is, does that matter? — Banno
Only in matters of money. — Moliere
Heh, well, I'd say it doesn't in an ethical sense. We are, for better or worse, condemned to be free. — Moliere
No Exit.I think Sartre got that right.
This settles it.So why do smart people do things that interfere with getting the output they’re entitled to? — Ruminant
So why do smart people do things that interfere with getting the output they’re entitled to? — Ruminant
You are simplifying the game too much. There is a downside to being a push-over who will accept the tiniest offer -- future events would tend to perpetuate this inequity. You already accepted the theory's suggestion without your own input, thereby supporting the theory's suggestion to accept what was offered to you without question.What I'm interested in is that the game shows that we intuitively reject the correct games-theoretical response, which is to accept any offer. — Banno
My sense of fairness is worth more that $1 or even $10. If it were $10,000, that would be a different thing. On the other hand, telling someone to go fry ice when he tries to stiff me for thousands might be worth it. — T Clark
The experiment has been done many times, in a wide variety of societies. One experiment in Indonesia used the equivalent of two weeks wages, not an insignificant amount, and found much the same result. — Banno
My takeaway from my hour of research here is that as actual dollars increase, rejections decrease, but to the extent we can afford to fuck those who try to fuck us, we will, but there is a limit to how much we will spend on the joy of vindictiveness. — Hanover
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