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The experiment seems based on the condition that the second student doesn't know the first is under obligation. The kind of asymmetric information that is encountered everywhere, every day, in real life, and is one of the reasons why reality is much more complicated than hocus-pocus economic theory.
You could extend the example and say that the guy stands outside the pizza place asking people going in if they want a third pizza very very cheap?
They give him the money, he tells them about the offer.
THAT'S the knowledge economy...
Is the guy "productive" or is the knowledge "productive" ?
"The future is already here -- it's just not very evenly distributed"
Related to a recent comment on asymmetric power in games:
Jerome a Paris:A game of bluff and bluster for extravagant rewardYour chances in this world are proportional to the size of your bankroll: the house wins by virtue of being the house.
A game of bluff and bluster for extravagant rewardYour chances in this world are proportional to the size of your bankroll: the house wins by virtue of being the house.
Again this is why I wish leftists would take the field more seriously - holding on to the blank slate means that the conservatives get to misinterpret the data in their own image. In this case I think it helps demonstrate that the level effort required to indoctrinate people into believing that CEO's deserve $100 million a year is even higher than believed.
you are the media you consume.
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