Exploring the Thief's Market pie cutting mechanism and how game theory experiments (and fierce pirates) show that players may not always act in a rational manner.
I reject the offer and gain nothing in order to punish the cheater (in the hope that in future iterations of such a game they might reconsider their approach) 😄
I read an article somewhere (I can't remember where for the life of me, and Google is no help), about researchers who brought the Ultimatum game to a non-Western culture, and discovered that players usually split the money 80/20 or worse, which the other party happily accepted. The article suggested that what Western academics had thought was a characteristic of human nature was perhaps only a characteristic of Western culture, which puts a high value on egalitarian ideals. The other fun anomaly was a location where players regularly split the money heavily in favor of the other party, and then had their offers rejected -- confusing, until the article noted that in this particular culture accepting a gift put one in debt to the giver.
Absolutely. I made a passing reference to this in Footnote 5, but probably should have called it out in the main article.
Check out the Controversies section of the article in The Decision Lab (referenced and linked): "The scope of the ultimatum game is more limited than one might think, despite its broad applicability across various industries. Since it was developed and primarily studied within specific demographics, people claim that it oversimplifies human behavior, making it less relevant than expected when dealing with most real-world bargaining situations."
Ian Stewart! that name is a throwback for me, i loved his books growing up ^^ (eg, "Professor Stewart's Cabinet of Mathematical Curiosities" – and of course, his collaborations with Sir Terry Pratchett & Jack Cohen for the Science of Discworld series, which was how i first heard of him!) part of fueling my (already very great) love for mathematics for sure :) really interesting article, as always – thank you <3
I didn't know Ian Stewart is/was famous! The article was interesting, so perhaps I'll check out his other works. The collab with Pratchett makes me think he's my kind of writer!
i suppose it depends on the definitition of famous, but i guess, famous for a mathematician, at the very least :D if you like Pratchett, i definitely think you're right in your thoughts on that front :) can recommend, all the books of his that i've read (aside from the Science of Discworld books (big recommend) – Does God Play Dice, Collapse of Chaos, Letters to a Young Mathematician, Cabinet of Mathematical Curiosities, Hoard of Mathematical Treasures, In Pursuit of the Unknown); and likely also his others ^^
I reject the offer and gain nothing in order to punish the cheater (in the hope that in future iterations of such a game they might reconsider their approach) 😄
You are not alone in this.
I read an article somewhere (I can't remember where for the life of me, and Google is no help), about researchers who brought the Ultimatum game to a non-Western culture, and discovered that players usually split the money 80/20 or worse, which the other party happily accepted. The article suggested that what Western academics had thought was a characteristic of human nature was perhaps only a characteristic of Western culture, which puts a high value on egalitarian ideals. The other fun anomaly was a location where players regularly split the money heavily in favor of the other party, and then had their offers rejected -- confusing, until the article noted that in this particular culture accepting a gift put one in debt to the giver.
Absolutely. I made a passing reference to this in Footnote 5, but probably should have called it out in the main article.
Check out the Controversies section of the article in The Decision Lab (referenced and linked): "The scope of the ultimatum game is more limited than one might think, despite its broad applicability across various industries. Since it was developed and primarily studied within specific demographics, people claim that it oversimplifies human behavior, making it less relevant than expected when dealing with most real-world bargaining situations."
It goes into additional detail after that.
Thanks for pointing out that section of the article. It was driving me nuts that I couldn't find the research I knew I had read.
Ian Stewart! that name is a throwback for me, i loved his books growing up ^^ (eg, "Professor Stewart's Cabinet of Mathematical Curiosities" – and of course, his collaborations with Sir Terry Pratchett & Jack Cohen for the Science of Discworld series, which was how i first heard of him!) part of fueling my (already very great) love for mathematics for sure :) really interesting article, as always – thank you <3
I didn't know Ian Stewart is/was famous! The article was interesting, so perhaps I'll check out his other works. The collab with Pratchett makes me think he's my kind of writer!
i suppose it depends on the definitition of famous, but i guess, famous for a mathematician, at the very least :D if you like Pratchett, i definitely think you're right in your thoughts on that front :) can recommend, all the books of his that i've read (aside from the Science of Discworld books (big recommend) – Does God Play Dice, Collapse of Chaos, Letters to a Young Mathematician, Cabinet of Mathematical Curiosities, Hoard of Mathematical Treasures, In Pursuit of the Unknown); and likely also his others ^^