Pymetrics Games Fairness and Trust Scenarios 4

Question 1

Pymetrics scenario: You're offered a chance to invest company resources in a risky project with a 60% success rate and a 3x return. Your boss prefers safe bets. The decision that best balances fairness to stakeholders is:

Accepted Answer

Accept it since expected value is positive and justified

Answer

A positive expected value (60% × 3x = 1.8x) with clear justification balances fiduciary fairness to stakeholders against excessive risk avoidance.

Question 2

In Pymetrics Trust Game variants, 'second-order trust' means:

Accepted Answer

Believing that others believe you are trustworthy

Answer

Second-order trust involves your belief about what others think of your own trustworthiness — a meta-level of social perception.

Question 3

Pymetrics fairness scenario: After a merger, your team absorbs a new group. The new members feel excluded from decisions. The best fairness-building action is:

Accepted Answer

Immediately include them in decision-making processes

Answer

Procedural fairness — giving people voice in decisions — is one of the fastest ways to build trust after organizational change.

Question 4

You repeatedly cooperate in a Pymetrics iterated Prisoner's Dilemma but your partner defects every time. The most effective strategy to restore fair play is:

Accepted Answer

Switch to Tit-for-Tat: mirror your partner's last move

Answer

Tit-for-Tat is proven to restore cooperation by rewarding cooperation and immediately punishing defection without permanent grudges.

Question 5

Pymetrics measures 'effort discounting' in fairness contexts. Which scenario shows effort discounting?

Accepted Answer

Valuing a handmade gift more than a store-bought one of equal price

Answer

Effort discounting is the opposite — people tend to value things MORE when they know effort was invested, not less.

Pymetrics Games Practice Test

Pymetrics Games Practice Test

Pymetrics Games Fairness and Trust Scenarios 4