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The bailout proposal before Congress seems to have been rejected because legislators were worried that voters back home saw it as a bailout of Wall Street at the expense of Main Street. Is such a fear rational? It may be that voters simply don’t understand or believe that a broader Wall Street failure could quickly trickle down and harm their Main Street interests. Or could it be that they’re willing to pay a price to exhibit their disgust even it if ultimately harms their self interest?
— Stephen Dubner compares the consideration of the “bailout proposal” to the economic exercise called the the Ultimatum game.