The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
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.
by ManfromMiddletown - Oct 20 44 comments
by gmoke - Oct 7 3 comments
by ARGeezer - Oct 7 60 comments
by DoDo - Oct 3 10 comments
by Frank Schnittger - Sep 29 19 comments
by Crazy Horse - Sep 29 25 comments
by ManfromMiddletown - Oct 2044 comments
by gmoke - Oct 73 comments
by ARGeezer - Oct 760 comments
by DoDo - Oct 310 comments
by Crazy Horse - Sep 2925 comments
by Frank Schnittger - Sep 2919 comments
by Frank Schnittger - Sep 274 comments
by Cyrille - Sep 24136 comments
by afew - Sep 2240 comments