Are You Prepared to Share? (2018)
Prepared by:
Joseph Malkevitch
Mathematics Department
York College (CUNY)
Jamaica, NY 11451
email:
malkevitch@york.cuny.edu
web page:
http://york.cuny.edu
Activity
The Free Lunch Foundation (FLF) offers two people X and Y the following opportunity one time only opportunity, the rules being carefully explained to both players.
X will be given $30 which X must split into two parts, one for X and the other for Y. X is not able to communicate or discuss with Y how Y looks at matters.
If Y accepts the amount Y is offered by X, then FLF gives X the $30 and the split is carried out. If Y does not accept what is offered them FLF gives X nothing, so neither X nor Y get anything. Again, both X and Y understand how the arrangement works.
Question 1
If you were offered the role of X how would you split the $30?
Question 2.
What do you think people when offered this opportunity actually do?