Submission declined on 27 July 2024 by Asilvering (talk).
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Comment: Few reviewers will have access to these sources, so if you can add accessible sources that will improve the likelihood of a review being able to establish notability. Greenman (talk) 12:36, 24 June 2024 (UTC)
This is an article about the Trust Game-- a building block in experimental and behavioral economics.
In the basic two-player game, there are two players, each of whom is endowed with an equal initial endowment.[2]
One of the two players is a first mover-- sometimes referred to as the Trustor-- who chooses between Invest and Not Invest. Not investing guarantees the first mover his initial endowment as a sure outcome. Investing transfer the entire invested amount by the first mover to the second mover, multiplied by 3. That invested amount is subtracted from the first mover's endowment.[3]
If the first mover invests, the second mover-- referred to as a Trustee-- receives the entire investment of the fist mover, multiplied by 3. He can choose how much to transfer back to the first mover.[4]
If the second mover transfer any amount over 1/3 of the investment to the first mover, then the first mover is as well off as he would have been had he not invested. However, the second mover has a strategic dominance in the sub-game of transferring back nothing at all.[5][6]
By backward induction, the first mover can expect to receive nothing, and therefore he is better off not investing.[7]
The trust game is sometimes erroneously referred to as a variant of the dictator game.[8]