Re: Nice little article introducing neuro-economics
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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. ??
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I'm not sure it matters if it's iterated or not. I have two choices as to how $10 should be split between three parties:
1. myself
2. my opponent in the game, and
3. the person offering up the $10
One of my choices is (0,0,10). The other is (x, 10-x, 0), where x is the amount offered up by my opponent.
What is so irrational about looking beyond my own immediate interests and considering what I believe to be just and fair for all parties involved?
All I'm assuming is that the other parties are human beings on planet Earth with life expectancies of a similar order of magnitude to mine. Are these unreasonable assumptions?
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