Review waiting, please be patient.
This may take 4 months or more, since drafts are reviewed in no specific order. There are 2,953 pending submissions waiting for review.
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
Reviewer tools
|
The trust game is one of the foundational games in experimental economics and behavioral economics. [1]
In the basic two-player game, there are two players, each of whom is endowed with an equal initial endowment. [2]
One of the two players is a first mover-- sometimes referred to as the Trustor-- who chooses between Invest and Not Invest. Not investing guarantees the first mover his initial endowment as a sure outcome. Investing transfer the entire invested amount by the first mover to the second mover, multiplied by 3. That invested amount is subtracted from the first mover's endowment. [3]
If the first mover invests, the second mover-- referred to as a Trustee-- receives the entire investment of the fist mover, multiplied by 3. He can choose how much to transfer back to the first mover. [4]
If the second mover transfer any amount over 1/3 of the investment to the first mover, then the first mover is as well off as he would have been had he not invested. However, the second mover has a strategic dominance in the sub-game of transferring back nothing at all. [5] [6]
By backward induction, the first mover can expect to receive nothing, and therefore he is better off not investing. [7]
The trust game is sometimes erroneously referred to as a variant of the dictator game. [8]
Review waiting, please be patient.
This may take 4 months or more, since drafts are reviewed in no specific order. There are 2,953 pending submissions waiting for review.
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
Reviewer tools
|
The trust game is one of the foundational games in experimental economics and behavioral economics. [1]
In the basic two-player game, there are two players, each of whom is endowed with an equal initial endowment. [2]
One of the two players is a first mover-- sometimes referred to as the Trustor-- who chooses between Invest and Not Invest. Not investing guarantees the first mover his initial endowment as a sure outcome. Investing transfer the entire invested amount by the first mover to the second mover, multiplied by 3. That invested amount is subtracted from the first mover's endowment. [3]
If the first mover invests, the second mover-- referred to as a Trustee-- receives the entire investment of the fist mover, multiplied by 3. He can choose how much to transfer back to the first mover. [4]
If the second mover transfer any amount over 1/3 of the investment to the first mover, then the first mover is as well off as he would have been had he not invested. However, the second mover has a strategic dominance in the sub-game of transferring back nothing at all. [5] [6]
By backward induction, the first mover can expect to receive nothing, and therefore he is better off not investing. [7]
The trust game is sometimes erroneously referred to as a variant of the dictator game. [8]