By Kurt Nelson, Ph.D. & Ben Granlund
Imagine getting the chance to earn $2 for doing absolutely nothing. Would you turn this down? Most people say no, yet study after study shows that people often refuse the $2 payout, sometimes more.
You’re probably wondering, “why?”
This strange behavior comes down to how we perceive fairness and retribution and can be observed in a simulation behavioral scientists call “the Ultimatum Game.”