Kaj_Sotala comments on Interlude for Behavioral Economics - Less Wrong

49 Post author: Yvain 06 July 2012 08:12PM

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Comment author: Kaj_Sotala 06 July 2012 12:13:06PM *  10 points [-]

At the end of the show, the team used a sort-of Prisoner's Dilemma to split their winnings: each team member chose “Friend” (cooperate) or “Foe” (defect). If one player cooperated and the other defected, the defector kept 100% of the pot. If both cooperated, each kept 50%. And if both defected, neither kept anything (this is a significant difference from the standard dilemma, where a player is a little better off defecting than cooperating if her opponent defects).

A very interesting episode of a similar game show, Golden Balls (where "Split" = "Friend", "Steal" = "Foe").

As Bruce Schneier comments:

This is the weirdest, most surreal round of "Split or Steal" I have ever seen. The more I think about the psychology of it, the more interesting it is. I'll save my comments for the comments, because I want you to watch it before I say more. Really.

Comment author: fortyeridania 06 July 2012 03:39:39PM 1 point [-]

Steve Landsburg also blogged about this show (video clip included).