Sweet Chilli Sauce and Economic Theory

Still reading Matt Crawford’s book, and still thinking. One of the unexpected pleasures of this summer has been our garden.  For the first time we tried to grow some stuff, and, rather to my surprise, it worked.  We have more chillis than we can ever use.  We harvest our little plant every couple of days and still they just keep …

Are We Fair, or Just Selfish?

In his excellent book Here Comes Everybody, Clay Shirky writes about the Ultimatum game, a well-known experiment in behavioral economics.  This is how it works.  Two people are given ten dollars to share between them.  One person gets to decide what the split will be; the other’s only power is either to accept or reject the proposed deal.  If he …