John_Maxwell: It’s called the Ultimatum Game, and you’re right that assuming you’re only playing once, it’s irrational to refuse any offer, but of course people do.
It might be symptomatic of an error to refuse the actual offer, but you can benefit from having the property of refusing the counterfactual offers that would never be actually made (as a result of your having that property).
John_Maxwell: It’s called the Ultimatum Game, and you’re right that assuming you’re only playing once, it’s irrational to refuse any offer, but of course people do.
It might be symptomatic of an error to refuse the actual offer, but you can benefit from having the property of refusing the counterfactual offers that would never be actually made (as a result of your having that property).