Event Categories: BSPS Choice Group Conjectures and Refutations Popper Seminar Sigma Club

Events for 9 October 2019
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4:30 pm
Adam Oliver (LSE): “Getting What They Deserve: Bricks, Screws and the Ultimatum Game”
The ultimatum game was developed to help identify the fundamental motivators of human behaviour, typically by asking participants to share a windfall endowment with an anonymous responder. Common observation is that proposers offer, and responders refuse to accept, a much larger share of the endowment than is predicted by rational choice theory. However, in the real world, windfall money is rare, and thus external validity would instead require the use of earned income. This article reports tests of the ultimatum game over earned endowments and finds that the shares that proposers offer and responders accept are significantly lower than that observed with windfall money, moving the overall outcome somewhat closer to the subgame-perfect equilibrium. Moreover, the shares offered by proposers and accepted by responders are significantly lower when the task undertaken to earn the endowment is relatively mundane rather than creative. Finally, the results suggest that offers in the ultimatum game over earned endowments are driven by strategic self-interest rather than a concern with the final distribution of outcomes (assuming that the responder has done nothing), and that an important driver of the participants’ responses appears to be the notion of desert.
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Philosophy as Therapy? (Forum for Philosophy)
There is a rich tradition of claiming therapeutic powers for philosophy, but if philosophy is the love of wisdom, is ignorance bliss? Is philosophy only about sharp arguments and subtle distinctions, or can it help us find better ways to live? Join us as we discuss whether thinking philosophically can be a form of self-help.
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