The four proposers have each written an opening 500-word salvo for Guardian Unlimited.
The inspirations for the rival works, one of which will become the country's most prominent contemporary art exhibit throughout the games, will remain secret for another few weeks, though the six proposers – eight artists in all – have been named.
That is, offering fairly, regardless of the stakes, is the safest solution in which the possibility of rejection is almost zero and proposers will be guaranteed half the stakes.
The students were distributed into two groups of proposers and responders.
When choosing between the two responders, the proposer faces tradeoffs between economic opportunities and social distance.
In order to run as a parliamentary prospective candidate Mr Green was required to be nominated by two referees, a proposer and a seconder, and also eight other people on the electoral roll, which was described by Mr Durnan as "the biggest hurdle".
The UG consists of two players, a proposer and a responder, who must agree on a way to share a sum of money, or neither will receive anything.
Both of these games involve the splitting of a sum of money between two players – a Proposer and a Responder – and by using these games in concert, interesting patterns of economic and social decision-making emerge.
Depending on needed revisions and any further faculty consultation needed, formulation of the final proposal may take proposers from one to three months; Graduate Division turn-around is approximately two weeks for draft reviews.
"Biomass will give us unprecedented knowledge on the state of the world's forests and how they are changing," said Prof Shaun Quegan, who was one of the key proposers of the mission.
