Tagged Questions
4
votes
1answer
55 views
What was the experiment where a person is given something and then has to share it with another person
Bob is given a bar of chocolate by the experimenter. Then he is to propose how he will share the chocolate with Emilly. If Emilly agrees with Bob's proposal, the kids will each get their share. If ...
7
votes
1answer
93 views
A study about preference for making relatively vs. absolute more money?
I remember reading about a study. I forgot the actual details of it, but the gist of it was: people were asked in what situation they would prefer to live, one where they make \$100,000 dollars and ...
7
votes
0answers
90 views
Bias towards purchasing tangible vs virtual goods
People have very little hesitation in spending $3 on a coffee once a week, but when it comes to buying things online, such as virtual goods or services, they are often much more reluctant. There is a ...
12
votes
2answers
567 views
What are popular rationalist responses to Tversky & Shafir?
In the early 90s Tversky & Shafir observed several violations of rationality in human participants, in particular violation of the disjunction effect and sure-thing principle. This has lead to ...
11
votes
2answers
434 views
Game-theory strategies to overcome holdout problem?
The hold-out problem often occurs in debt-restructuring or in urban development.
The hold-out problem is defined where an agent, for example a land developer, must negotiate with many lot owners and ...
