Post
Topic
Board Economics
Re: The Ultimatum Game
by
afterburner229
on 31/05/2011, 21:05:02 UTC
Quote
*The game is played only once so that reciprocation is not an issue*.
http://en.wikipedia.org/wiki/Ultimatum_game

So, in this case,

I reject all proposals, where I get (50% - x), if x > 10% of total sum, i.e. if can't call a proposal to be roughly honest (50x50).

Note, if you select another strategy, it simply designates that you are in need of money, i.e. you feel some kind of poverty.
If you live in sufficiency, you will focus upon justice only.