Altruism in game theory: How privileged information can deceive uninformed players.
A new game called the "boxers game" was created to study how altruism affects sharing privileged information. Players can bet on boxers, with some having inside info that they can share. The info can be true if the player is kind or false if they're selfish. The game showed that altruism can impact how accurate the shared info is. By analyzing different player types and payoffs, the study found that altruism can influence the outcome. In an evolutionary version of the game, players who adjust their investments based on positive or negative outcomes may not always benefit.