Difference between revisions of "UltimatumGame"
(Copied my Meatball contribution, expanding Invitation to Conversation and participation in Aboutus.org) |
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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"'' . | 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"'' . | ||
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* ''iterated rounds'' | * ''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 | * ''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 (MarketsAreConversations) | + | * ''dynamical money pool'' m that increases in value by transparent and interacting communication of the partners and interested third parties ({{g|MarketsAreConversations}}) |
== Application == | == Application == | ||
| − | To apply this basic insight to SocialDomaining as ExtremeOpenBusiness, here are some additional considerations: | + | 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 | * 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) | ** conceptional value of a shared domain for the targeted buyer(s) | ||
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<-> [http://fridemar.amplify.com/?cm-guid=F8AF8BC1-78F4-4F7F-B8B9-8998B57786DC&postedto=Twitter:Delicious:Facebook&clogmessage=posted Amplify] | <-> [http://fridemar.amplify.com/?cm-guid=F8AF8BC1-78F4-4F7F-B8B9-8998B57786DC&postedto=Twitter:Delicious:Facebook&clogmessage=posted Amplify] | ||
| − | <-> [Meatball:UltimatumGame] | + | <-> [[Meatball:UltimatumGame]] |
Revision as of 01:38, 7 April 2009
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
FridemarPache: Yes, this is a real economic game with real money and real business oportunities, all transactions made visible and open.
Amplify
Meatball:UltimatumGame
