Wednesday, September 28, 2011

9/28 recitation

  • played Ultimatum game
  • what is greed?
    • higher level of self-interest that occurs when one goes too far
    • an excessive desire for more
  • why do you expect wegmans not to poison you?
    • the Feedback Loop
      • the consumers' money gives the business an incentive to make them happy so they will come back to them again

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