Fairness and Trust Scenarios Flashcards

In the Pymetrics Trust Game, you receive $10 and can send any amount to a stranger who will receive triple that amount. The stranger can then return any portion. What does sending a large amount primarily signal?

Answer: High trust and willingness to be vulnerable

Sending a large amount in the Trust Game signals genuine trust and social risk-taking, key traits measured by the game.

During a Pymetrics Ultimatum Game, the proposer offers you only $1 out of $10. According to rational economic theory, what should you do?

Answer: Accept it since any amount is better than nothing

Rational economic theory says accept any positive offer since $1 > $0, though in practice most people reject very low offers due to fairness norms.

In the Pymetrics Balloon Analogue Risk Task (BART), each pump earns you money but risks losing it all if the balloon pops. Consistently pumping to the maximum reflects which trait?

Answer: Extreme risk-seeking behavior

Always pumping to the maximum in BART indicates extreme risk-seeking, which Pymetrics uses to assess risk tolerance.

You play a Pymetrics fairness scenario where you can either keep $6 for yourself and give a partner $4, or split it evenly $5/$5. Which choice best demonstrates equity fairness?

Answer: Split $5/$5 to maximize joint welfare equally

Splitting $5/$5 reflects equity fairness by treating both parties as equal contributors regardless of role.

In a Pymetrics scenario, a colleague takes credit for your team's idea in a meeting. From a trust perspective, what is the most effective immediate response?

Answer: Calmly clarify your contribution to ensure accurate credit

Calmly clarifying your contribution addresses the fairness breach professionally without damaging team dynamics.

Pymetrics measures 'loss aversion' in fairness contexts. Which behavior best illustrates loss aversion?

Answer: Rejecting a coin-flip bet where you could win $20 or lose $10

Rejecting a positive expected value bet because the potential loss looms larger than the gain is classic loss aversion.

In a Pymetrics social scenario, you discover a coworker has been cutting corners on safety checks. Reporting them could harm their career but protect others. What does acting on this reflect?

Answer: Deontological fairness — upholding rules regardless of consequences

Reporting a rule violation regardless of personal cost reflects deontological fairness, where rules matter intrinsically.