Tag: utlimate barganing game
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Episode 7: How Using the Ultimatum Bargaining Game Proves That Cultures of Trust Require Public Retaliation (NOT Altruism)
Game theory. Or should I sayyy LAME THEORY. Ayyyyyyy…. This post is about one small game, the ultimatum bargaining game, that’s useful in explaining the tools behavioral scientists can use to measure the reactions of other humans. Did you ever watch the (now old) movie A Beautiful Mind? It’s about a mathematician named John Nash…