By Aaron K
On 07/29/2010
Ultimatum, coins of emotional fortune, and a brief refutation of game theory
Let’s play a game: There are ten coins on the table. The rules of the game are simple. I propose a way we should split the coins; you can either accept or reject my proposal. If you accept my terms, we get the coins according to my proposed split. If you reject them, we both get nothing. That’s it, and no second chances for positive reciprocity. Sound easy? Well, it’s more complicated than you might think. Let’s play anyway:









