Did anyone do the paid voluntary Economics Experiments over the last week? I'm wondering about what people's thought processes were for the third question...
Found the experiments more interesting than I expected (was expecting them to be open ended type stuff), but when I learnt that your decisions could affect your payment, I was hooked. Also got pretty lucky they chose to base the payment off Experiment 2, which IMO was the easiest to choose an optimal scenario for.
For anyone who's interested, here's the question:
You are matched randomly and anonymously with a person in the room. You have to decide how to split $300 between yourself and them. For example, you choose 150 to keep to yourself and 150 to give away, and they pick 180 to keep and 120 to give away. The computer decides who's selection is executed (e.g. if your partner's decision is chosen you get to keep 120 and they get to keep 180).
I chose to keep 300 and give 0, and luckily my decision got chosen by the computer...now I feel sorry for my partner who got nothing out of this, besides the base payment for rocking up to the experiment.
FYI: $100 in the experiment is equal to $10 in real life.