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The allocator is given $10 which they then must divide between the two ?players', the receiver then has two choices either accept the proposal or refuse in which case both player gets nothing. A self-interest model would assume that the allocator will propose $9.99 for himself and $0.01 for the receiver and the receiver would accept as $0...
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Carter and Irons found that economics majors were must more likely to follow the self-interest model than non-economic students.
Robert Frank, Thomas Gilovich and Dennis Regan also ran a survey of charitable giving by economist in comparison to others. They surveyed 576 college professors from 23 disciplines...
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Are economist 'mean'?
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