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Moral Calculations
Laszlo Mero
€ 52.90
€ 47.12
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Description for Moral Calculations
Paperback. Translator(s): Gosi-Greguss, A. C. Num Pages: 276 pages, biography. BIC Classification: JM; PBCD; PBUD. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 15. Weight in Grams: 450.
Are people ever rational? Consider this: You auction off a one-dollar bill to the highest bidder, but you set the rules so that the second highest bidder also has to pay the amount of his last bid, even though he gets nothing. Would people ever enter such an auction? Not only do they, but according to Martin Shubik, the game's inventor, the average winning bid (for a dollar, remember) is $3.40. Many winners report that they bid so high only because their opponent "went completely crazy." This game lies at the intersection of three subjects of eternal fascination: human psychology, ... Read more
Are people ever rational? Consider this: You auction off a one-dollar bill to the highest bidder, but you set the rules so that the second highest bidder also has to pay the amount of his last bid, even though he gets nothing. Would people ever enter such an auction? Not only do they, but according to Martin Shubik, the game's inventor, the average winning bid (for a dollar, remember) is $3.40. Many winners report that they bid so high only because their opponent "went completely crazy." This game lies at the intersection of three subjects of eternal fascination: human psychology, ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag New York Inc. United States
Number of pages
276
Condition
New
Number of Pages
276
Place of Publication
, United States
ISBN
9781461272328
SKU
V9781461272328
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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