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Hypothetical Question For My Econ Class

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jessjones19899 | 03:16 Wed 15th May 2019 | Quizzes & Puzzles
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Suppose we find $50 and you pick it up. I ask for $45 of the $50. If you're okay with that, you keep the $5, and if you're not, I'll take all $50 and throw it away. Do you accept my offer?
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Yes, as long as you throw the $45 away and I keep the $5.
If I've picked it up, why do you determine what happens to the $50?
I punch you on the nose and keep the lot
This is a variation on the Ultimatum Game.
https://en.wikipedia.org/wiki/Ultimatum_game
I would use the terms/circumstances used in here rather than those in your example
see here too
https://en.wikipedia.org/wiki/Fair_division_experiments
See the Lab experiments section
have you got a gun ?
have I ?
you are clearly american

I thought this was initially on time discounting ....

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Hypothetical Question For My Econ Class

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