How high is the price we would pay for justice?

A sense of justice and injustice is an evolved moral emotion to signal to others that if exchanges are not fair there will be a price to pay. In the Ultimatum Game, in which one person is given a sum of money to divide with another person — with the stipulation that if the offer is accepted both keep the money, but if the offer is rejected no one gets any money — offers less than 30 percent of the sum are typically rejected. That is, we are willing to pay 30 percent to punish an offender. This is called moralistic punishment.

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