Josh

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It became clear that the key factor was not faulty calculation but the nature of the social interaction. In the ultimatum game, the responders accepted far less if they were told that the amount had been determined by a computer or the spin of a roulette wheel. If the human interaction was less direct, with complete anonymity, then proposers made smaller grants.19 A further finding was that there were variations according to ethnicity. The amounts distributed reflected culturally accepted notions of fairness. In some cultures, the proposers would make a point of offering more than half; in ...more
Strategy: A History
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