$25, take it or leave it

I just finished taking the BBC’s “Brain Sex” test.  It took about 15 minutes, I highly recommend it.  You can learn a lot about yourself, and it is a fun way to work your brain a bit.  Don’t worry, its a family friendly test! 

Toward the end of the test, there is an interesting question that has a bit of a personal finance twist:

Imagine you have been paired up with someone for this task. You have both been given some money to divide between you. You decide how much you want. The other person decides whether the split is acceptable.

If they say it’s OK - you get the money you demanded and they get the rest. If they say it’s not OK - both of you leave with nothing.

If you have been given £50 to split, how much would you demand for yourself?

What would your answer be?  I picked $25 and, while I won’t give away the analysis behind the answer, I can tell you that $25 isn’t the norm!

Take the test at: http://www.bbc.co.uk/science/humanbody/sex/