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Due date: Next Tuesday by midnight. If your assignment is late let us know and we can work something out.
Judgments in groups and games
- Navajas et al. (2018)) studied the Wisdom of a Crowd that was allowed to interact. Describe the experiment and summarize the main findings. (3 points)
- How “wise” are two interacting groups of 5 people compared to on non-interacting crowd of 1400 people? (1 points)
- Describe the Dictator Game. If people share more than nothing in the Dictator Game, what does this tell you about how they value fairness? (2 points)
- Describe the Ultimatum Game. Why does Player A share more in the Ultimatum Game than the Dictator Game? (2 points)
- Describe the Trust Game. Why does Player A share more in the Trust Game than the Dictator Game? (2 points)