People attempt to reject free money out of anger

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	People attempt to reject free money out of anger

einbar

6-30-2009 6:05 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8ba2f416-423d-4889-bedd-e9d66ee6d428/3B646A34-A6F7-4DD8-B737-1D02A5D82E1B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars" href="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars" style="font-size: 11px;">arstechnica.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars"><H2 class="news-item-title">Irrational markets: people reject free money out of anger</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/arstechnica.com/img/EEF5A922-2026-4155-B86B-4B45DDA14B0B" alt="Irrational markets: people reject free money out of anger" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars">The Ultimatum Game, in which test subjects respond to take-it-or-leave-it offers, has allowed psychologists to explore how humans handle issues like fairness and punishment</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars">But a new study shows some people attempt to punish even when the rules of the game are stacked in a way that makes it impossible</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars">Game theory has provided researchers in a variety of fields, from psychology to economics, an opportunity to test human behaviors under controlled conditions.  It allows big questions—are humans rational actors when money's on the line</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars">humans aren't purely rational when it comes to monetary decisions, as they appear willing to make financial sacrifices in order to punish others in the name of fairness</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://arstechnica.com/science/news/2009/06/irrational-markets-people-reject-free-money-out-of-anger.ars">  A paper that will appear at <I>PNAS</I> this week takes things a step further and shows that people will still reject unfair monetary offers, even when the only one they punish is themselves</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3B646A34-A6F7-4DD8-B737-1D02A5D82E1B/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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