The Ultimatum Game

We are not by far as rational as we like to think.

Patrick Heller
3 min readDec 19, 2022

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Game theory, the study of mathematical models of strategic interaction between rational decision-makers, saw the light of day in a 1928 proof written by Hungarian-American polymath John von Neumann (1903–1957) — considered by many to be the most intelligent person ever to have lived. In 1944, Von Neumann co-authored Theory of Games and Economic

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