The Ultimatum Game- Are people rational?

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  • Published on Jan 28, 2017
  • This is a quick overview of The Ultimatum Game. It is a super fun activity and a great way to show that people don't just look at money when they make decisions.
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Comments • 20

  • Manjuanth Awalakki
    Manjuanth Awalakki Month ago

    what is the name of the game sir, i didnt understand it ...please any one who understand it please explain it step by step

  • Manjuanth Awalakki
    Manjuanth Awalakki Month ago

    what is the name of the game sir, i didnt understand it ...please any one who understand it please explain it step by step

  • FortNikitaBullion

    The problem with bonus points is that if grades are curved it can be perfectly rational to not take 1 bonus point if your opponent gets 9. If money is given out maybe you prefer the professor keep the money. So it's not a perfect example.

    • FortNikitaBullion
      FortNikitaBullion Year ago

      Heck I can't think of a good way to make a perfect ultimatum game. If you really think about it there has to be a 3rd party doling something out, and one may argue they prefer they keep it.

  • HitProof
    HitProof Year ago

    Rationality and People are two opposite, It's like "yes" and "no" that's how far people are from rationality

  • Umberto Fournier
    Umberto Fournier 2 years ago

    smart

  • moobshooters1
    moobshooters1 2 years ago

    Hey cloof, r u still scared of me

    • Manjuanth Awalakki
      Manjuanth Awalakki Month ago

      what is the name of the game sir, i didnt understand it ...please any one who understand it please explain it step by step

  • Emilio Zorrilla
    Emilio Zorrilla 2 years ago +4

    Is there a reason for all the AC DC stuff in this channel or you just like the band?

    • Manjuanth Awalakki
      Manjuanth Awalakki Month ago

      what is the name of the game sir, i didnt understand it ...please any one who understand it please explain it step by step

  • Chris Felton
    Chris Felton 2 years ago +1

    Also a great way for students to understand smith's impartial spectator and theory on moral sentiments

  • Chris Felton
    Chris Felton 2 years ago

    Awesome activity I've done for years with my hs students when I teach them the game theory unit
    I always use candy and never tell them the type
    Once in a while I may have one random partnership split 10 1 dollar bills
    I always make it triple blind (I never know who is partnered).
    Finally when we debrief I always ask the students to consider how reputation, repeating games, and choice would impact the outcomes.
    This game is big thumbs up for free markets

    • Manjuanth Awalakki
      Manjuanth Awalakki Month ago

      what is the name of the game sir, i didnt understand it ...please any one who understand it please explain it step by step

  • Isaac Genovese
    Isaac Genovese 2 years ago

    Hello Mr. Cillford, i'm waiting to do my exam in 30 mins. and i encountered this difficulty, can you help me out pls?
    If the firm's average costs are U-shaped, why does its average variable cost curve achieve its minimum at a lower level of output than the average total cost curve?
    Thanks :)

  • W R
    W R 2 years ago +1

    a rational person would not take 1 point knowing another student is getting 9 becauses its "free". Scoring in schools is based upon class ranking meaning if you gave everyone free 9s and free 1s those with the free "1s" would now be below the scores of people getting free 9s so it hurts them. Rationally thinking the smart students would reject all offers because the free points makes the grade system devalue the hard work they put in on homework because free points are being handed out to even those who arent doing homework...

  • Jacob Clifford
    Jacob Clifford  2 years ago +6

    Have you done this activity?

  • Voltaire's Army
    Voltaire's Army 2 years ago

    Love your videos! I just read about this in a poli sci class. Maybe you could do one about prospect theory? Thanks!

  • Soonalika S
    Soonalika S 2 years ago +7

    You made me love ecn Mr.Cillford thank you :)

    • Manjuanth Awalakki
      Manjuanth Awalakki Month ago

      what is the name of the game sir, i didnt understand it ...please any one who understand it please explain it step by step

    • Jacob Clifford
      Jacob Clifford  2 years ago +10

      Awesome! I'm convinced that if more people love econ the world would be a better place. :)