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CTC 157

This is just a post for CTC 157.

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Team Production and Gift Exchange

I think the story that attracts me the most is sharing marbles . Michael Tomasello and Katharina Hanmann, two German developmental psychologists, set up an experiments with 3 years old children who can get marbles as rewards by pulling ropes on a machine. These children may be better off if they engage in gift exchanging and team work. The experiment has three different scenarios. The first one is that two children pull ropes together, but one of the children gets 3 marbles while the other can only get one. The result of this scenario shows that children will equalize their marbles around 75% of the time. The second scenario is that 2 children will receive marbles. However, one will have three times more marbles than the other one. The result of this scenario shows that the one with more marbles will not give off their rewards to the other one who has less marbles. The last scenario is that 2 children do not pull the ropes together to get marbles . Nonetheless, one will get 3 marbles ...

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Future Plan and Income Risk

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