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Comments on: The rational Chimpanzee http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/ The Visible Hand in Economics Thu, 22 Nov 2007 19:46:36 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-396 Thu, 22 Nov 2007 19:46:36 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-396 Interesting, how was it not reliable?

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By: LJ http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-395 Thu, 22 Nov 2007 19:44:45 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-395 This experiment wasn’t reliable

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By: Was Jesus an early applied economist? « The visible hand in economics http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-394 Wed, 31 Oct 2007 02:21:33 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-394 […] would have been the first economist (or maybe it was a different animal, after all we know that Chimps can play the prisoners dilemma game). Explore posts in the same categories: Economic […]

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By: Matt Nolan http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-393 Wed, 10 Oct 2007 02:01:05 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-393 Hi Peter, worth it sounds like a fine way of putting it to me, as thats simply saying that the benefit must exceed the cost.

I agree that this decision changes with sums. After all, if we value punishing unfairness at X, then as long as someone offers us more than X we will accept. The larger the sum involved in the game, the smaller the proportion of that sum will be required to meet X.

I wouldn’t call getting value from punishing unfairness, or hurting someone else irrational. That is why I have the ‘ marks around rational. Punishing someone for being unfair is a consumption decision. If someone offers you 5 cents of $1 and you know rejecting will punish them for being pricks, then you are really spending that 5 cents in order to punish them, which you gain value from. Its just like buying an ice-cream, in a sense.

The issue of whether chimps were being offered an equivalent deal to humans is a very interesting one. Ultimately, we don’t know. In fact we can’t really say that the offer is equivalent between people, as the satisfaction people get from the sacrifice, and their expectations all differ. A dollar for one man is different than a dollar for another. Ultimately I suspect that Chimps play the game more like the ‘self-interested’ agent that we study in economics as they do not have the same social structure.

As we are in a sense bounded rational, the social norms we develop influence the payoff we receive from certain choices, which makes us play games differently even in situations that these social norms were not meant for.

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By: Matt Nolan http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-392 Wed, 10 Oct 2007 01:50:35 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-392 Owww definitely. My comment was aimed at the mentioning of Phil U. I have no idea who this is, so I was confused.

Most definitely a lot of intelligent people have discussed fairness. I’d like to hear what people have to say about it. It seems like its a structural issue to me, something that is the result of society or our genes, or both.

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By: peteremcc http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-391 Wed, 10 Oct 2007 01:49:07 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-391 You also have to consider whether it is “worth it” – I don’t remember the proper economical term.

If you’re splitting $1 into 99%-1% then the second person is unlikely to care about the 1c.

If you’re splitting $1,000,000 then they will probably take the $10,000.

I’m assuming that they are doing this experiment on the chimps using food. I guess the comparison would be that if you cut the food up into a miniscule piece the chimps may not care either – if they can even see it!

I suspect part of it is that people are assuming the OTHER player isn’t rational.
IE: If i only offer this guy 5c out of this dollar, he’s probably gonna be pissed off and would value the enjoyment he would get from denying me the 95c more than the 5c he’s getting.

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By: Kimble http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-390 Wed, 10 Oct 2007 01:47:38 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-390 Who said anything about the blogosphere?

I would be surprised if the concept of fairness isnt, or hasnt been, the topic of many economic doctoral theses.

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By: Matt Nolan http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-389 Wed, 10 Oct 2007 01:24:34 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-389 Who? I know very little about the New Zealand blogsphere, I’m just an average man trying to make my way in the economics universe 😉

You raise a good point though. These concepts such as fairness are incredibly subjective. How does a person develop a sense of fairness, where does that come from? This is where we need a psychologist to give us a hand I think.

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By: Kimble http://www.tvhe.co.nz/2007/10/10/chimps-more-rational-than-humans/#comment-388 Wed, 10 Oct 2007 01:08:21 +0000 http://tvhe.wordpress.com/2007/10/10/chimps-more-rational-than-humans/#comment-388 I get it. Some people have such an abnormal concept of fairness that insists that no one should get more than anyone else, ever. So the rejection of the deal may take the form of taking from a system without adding anything (or ever planning to add anything) and not feeling guilty about it whatsoever.

Phil U explained.

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