A variation on the game of "Prisoners Dilemma" where the player who cheats will win the money. They swear to each other that they will not cheat and split the prize money by choosing the split "Option". Guess who cheats and won?
Any explanation for the choices made by the participants?
A short paper using this TV show as a natural experiment of the Prisoner’s Dilemma can be accessed at:
ReplyDeleteEconomic Incentives – The Goldenballs Dilemma
The conclusion: Gender, age, occupation and hair colour! matter.