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Both players are aware that the opportunity comes from just being lucky enough to be chosen to dictate the terms. I know you didn't earn the 10,000 so by you of
by dchmiel 14y ago
Both players are aware that the opportunity comes from just being lucky enough to be chosen to dictate the terms. I know you didn't earn the 10,000 so by you offering 100 dollars and you keeping 9,900 is insulting to some people and they do want to punish the 'lucky' player. It's not that they don't value the money they value punishing them to teach them a lesson at $100.
Would your answer be the same if I said I'd keep 9,999,999.99 and gave you only a penny. Would the value of punishing me be so low that now you'd consider to do so, or is it still free money and the absolute value doesn't affect you personally?
- icebraining 14y agoOne should also consider other implications. If the money came from nothing, I'd probably take the penny; but I'd rather let whoever funded the research keep the money than give it to such an uncharitable person. I know this might destroy the purpose of the experiment, but frankly, they just need to take that into account.