UltimatumGame
G UltimatumGame
Another insight from the book "The Wisdom of Crowds" by the author James Surowiecky comes from the empirical tested outcomes of this game, "... perhaps the most-well-known experiment in behavioral economics" .
In this game there are two players, the proposer p and the responder r and an amount of sharable money m, say m=10$, that can only be gained, if p and r come to an agreement.
The proposer p now can offer an abitrary split of the money m=mp+mr, with 02 players p1,..,pn, where the playing team is open to new members (Open Invitation To Participate)
- iterated rounds
- multiple projects, where everyone can be a proposer, based on their initial buy of a domain to share, setting up a new m to share
- dynamical money pool m that increases in value by transparent and interacting communication of the partners and interested third parties (G MarketsAreConversations)
Application
To apply this basic insight to G SocialDomaining as G ExtremeOpenBusiness, here are some additional considerations:
- m can be seen as the additional money, that can be gained by synergic actions, e.g. p1,..,pn increasing the
- conceptional value of a shared domain for the targeted buyer(s)
- page rank of Google, and at the same time
- building a network of demonstratable mutual trust by open transactions.
Invitation to Conversation and participation
fridemar 18:38, 6 April 2009 (PDT): Yes, this is a real economic game with real money and real business oportunities, all transactions made visible and open.
Amplify
Meatball:UltimatumGame
