
Experiments
The Ultimatum Game: Why People Reject Free Money
In 1982, Werner Güth's ultimatum game showed people routinely reject money to punish unfairness. Here's the experiment, the cross-cultural results, and what it means for economics and AI.
4 articles tagged with #game theory

In 1982, Werner Güth's ultimatum game showed people routinely reject money to punish unfairness. Here's the experiment, the cross-cultural results, and what it means for economics and AI.

John von Neumann invented game theory, defined computer architecture, and shaped the atomic bomb. Meet the mind that colleagues called beyond human.

Game theory explained: Nash equilibrium, Prisoner's Dilemma, evolutionary games, auctions, and real-world applications from biology to AI.

Two criminals. One interrogation room. A math problem that reveals why rational people often produce irrational outcomes.