Re: Nice little article introducing neuro-economics
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I don't see why it's irrational to reject the smaller offers, though, as the authors seem to be claiming.
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It's a one-time situation with a stranger, declining any offer is a loss with no downstream benefits.
If this was a situation in our social group (and extended) where it would influence later actions and treatment then declining has implied gains.
Declining in this case has our mind confusing the actual situation with our normal situation and is irrational. ??
luckyme
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