We all hate a winner..
Tue, 19 Feb 2002 12:58:03 -0600
> hey what a great business model.. since this thing was done using "real =
> money".. what happened to the "real money" when it was burned? hmmm....
It said real money, it didn't say real fire.
A complementary experiment has been done, too. In it, the subject,
generally 8 to 12 years old, can choose an option to receive $X more,
but some other kid - in view, but not acquainted with the subject -
would get $4X more. Among middle class kids, they usually opt to
deny the other kid the big payoff, at their own expense. In
developing countries the choice tends to go the other way.