Fairness and Trust Scenarios Flashcards

In the Pymetrics Money Exchange Game #1, a candidate sends $2 of their initial $10 to a partner. This amount is tripled to $6. The partner sends back $3. The candidate then rates this transaction as 'very fair'. What does this combination of behaviors most likely indicate?

Answer: Low initial trust, but a strong preference for equitable outcomes.

Sending a small initial amount ($2 out of $10) indicates low trust in the partner. However, rating the return of $3 (an equal 50/50 split of the resulting $6) as 'very fair' shows a strong appreciation for equitable, fair-play outcomes. This profile suggests a cautious but fair-minded individual.

The Pymetrics Money Exchange Game #2 is specifically designed to assess altruism. Which of the following game mechanics is central to measuring this trait?

Answer: The candidate decides how much of an unearned, extra sum of money to give to a partner to make the final amounts more equal, without an expectation of direct reciprocation.

Money Exchange Game #2 measures altruism by giving one player an extra sum of money and observing if they voluntarily give a portion to their partner to equalize the outcomes. Unlike the trust-based Game #1, this is a one-way decision focused on generosity and fairness without the element of a returned investment.

A candidate in the Money Exchange Game #1 (the trust game) consistently chooses to send the maximum amount of $10 to their partner in the transaction. This action is the strongest behavioral indicator for which Pymetrics-measured trait?

Answer: Trust

The primary trait measured by the amount of money sent in the first Money Exchange game is trust. Sending the entire amount signifies a very high level of trust that the partner will act fairly and reciprocate generously. While it also involves risk, the core concept being tested is trust in another party.

Which of the following scenarios from the Money Exchange Game #1 (the trust game) would most strongly indicate a candidate's low tolerance for what they perceive as unfairness?

Answer: Sending $9 (becomes $27), receiving $5 back, and rating the transaction as 'Extremely Unfair'.

This scenario shows the candidate demonstrated high trust by sending a large sum ($9). The partner's return ($5) is extremely low relative to the tripled amount ($27). By providing the lowest possible fairness rating, the candidate is strongly signaling their dissatisfaction with the inequitable outcome, indicating a low tolerance for unfairness.

In the Money Exchange Game #2, a candidate starts with $10 and their partner starts with $0. The candidate chooses to give $5, resulting in both players having $5. This decision is most directly a measure of:

Answer: Altruism and a preference for fairness.

The Money Exchange Game #2 is designed to measure altruism and generosity. By choosing to give away half of their money to create a perfectly equal outcome, the candidate demonstrates a strong preference for fairness and a willingness to act for another's benefit without expecting a direct return.

How does the assessment of 'Trust' in the Money Exchange Game #1 differ from the assessment of 'Risk Tolerance' in the Balloons Game?

Answer: Trust is a social trait measured through an interaction with a partner, while Risk Tolerance is an individual trait measured by pushing a known limit.

The Money Exchange Game measures trust specifically in the context of a social or economic interaction with another party. The candidate's decision is based on their expectation of the partner's behavior. The Balloons Game measures a more general, individual risk tolerance by seeing how far a candidate will push a probabilistic system for personal gain, without involving another person's decision-making.