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Aditi on Instagram: "some things feel like common sense. Like having a cutoff for what feels fair in a situation like this. It’s kind of cool how much data there actually is behind things we all feel intuitively. If you like seeing the numbers and patterns behind the obvious, this one’s worth thinking about. What do you think your cutoff would be? . . . . [behavioral economics, ultimatum game, fairness, decision making, psychology curiosity, vlog, explore] . . . . #theultimatumgame #economics #g
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Entrepreneurship | Business | Wealth on Instagram: "Follow @entrepreneurdominate for more insights like this! The “Ultimatum Game” is a classic experiment in economics and psychology that reveals how people value fairness over money. In the game, one person is given $100 and must offer some portion to their partner. If the partner rejects the offer, neither person gets anything. Economists argue that the “rational” move is to offer just $1, since the partner should accept any amount over zero. B
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