Charlie explains the Ultimatum Game to Nikki and why some people are willing to hurt themselves for revenge. When Nikki gives him $30 out of $100, she’s showing that concerns for equity lead people to act differently than what’s “optimal.”
Teaching Economics with Media
Charlie explains the Ultimatum Game to Nikki and why some people are willing to hurt themselves for revenge. When Nikki gives him $30 out of $100, she’s showing that concerns for equity lead people to act differently than what’s “optimal.”
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