Home
Rudy Garns's Library tagged → View Popular, Search in Google
Mar
4
2010
When economists first started playing this game in the early 1980s, they assumed that this elementary exchange would always generate the same outcome. The proposer would offer the responder approximately $1⎯a minimal amount⎯and the responder would accept it. After all, $1 is better than nothing, and a rejection leaves both players worse off. Such an outcome would be a clear demonstration of our innate selfishness and rationality.
1 - 1 of 1
Showing 20▼ items per page
Selected Tags
Related Tags
Top Contributors
Groups interested in aversion
Diigo is about better ways to research, share and collaborate on information. Learn more »
Join Diigo