Alexei comments on Interlude for Behavioral Economics - Less Wrong
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Comments (49)
Is there really anything exceptional in the 3% figure? 3% of people facing a player who chose "Foe" preferred to transfer money from the game show owners to that player. 97% preferred the game show owners to keep the money. If anything, 3% is below what I would have expected. More surprising [IMO] is the fact that 16% co-operate when they know that it costs them to do so. I have no idea what that 16% were thinking.
I think you can apply TDT of sorts: if I was in the other person's position, I would want them to cooperate. Coupled with the fact that the roles were selected randomly, you could essentially make a precommitment: if another person and I are in this situation, I'll cooperate no matter what. I think that doesn't change your expected value, but it does reduce variance.
BTW, lots of LWers said they'd give money to Omega in the Counterfactual mugging.