Sometimes that irrational actor is meIn this way, Chinatown is a sort of extended case study in the purest form of microeconomic decision-making. When one set of researchers conducted the Ultimatum Game in Jerusalem, Ljubljana, Pittsburgh and Tokyo, for instance, it got roughly similar results. Unlike in the Ultimatum Game, responders in the Impunity Game were willing to accept even the most meagre payout. In the Ultimatum Game, every game is a one-off event. In the sterile context of the Ultimatum Game, spite and unpredictability are interpreted as indicators of irrational behaviour.

Source: National Post January 02, 2020 10:52 UTC