Professor Richard Thaler: Masters in Business (Audio)
Masters in Business
00:00
The Utilitum Game
A classic experiment is something called the ultimatum game. People are willing to give a benefit to themselve, even if they think something is not fair. So we've talked about finance. We've talked about how irrational people can be in the markets. Let's talk about fairness and where people and fairness games go.
Play episode from 57:15
Transcript
