Words Worth Noting - June 16, 2021

“Strong reciprocators are not altruists.... They’re rejecting lowball offers because the offers violate their individual sense of what a just exchange would be. But the effect is the same as if they loved humanity… Individually irrational acts, in other words, can produce a collectively rational outcome.”

James Surowiecki The Wisdom of Crowds [regarding experiments involving the “ultimatum game”]