CNN Fareed Zakaria GPS January 19, 2014 15:49:00
I'll keep $9 myself and you'll have $1. if you accept that offer, we both get that split as proposed. if we reject it, we both get nothing. so if you cared only about yourself, then you would say i'll take the $1. but what people actually do is if you're offered less than about 25%, people reject that about half the time. >> the famous experiment with the capuchin monkeys is dramatic illustration of what you say. there are these two monkeys, each asked to give a stone to the person outside the cage and they get a cucumber in return. >> yeah. >> then you switch it and you start giving one of th...
Source: archive.org