Brexit, Trump and the Ultimatum Game
James Allworth

A very good article that achieves the best that a readable internet article can achieve. One point to consider though is that a lot of people in UK genuinely believed Brexit will be good for them.

A lot of such people believed that UK is a net contributor to EU, so exiting will save a lot of money, and that UK will be able to cut red tape and migration. They chose to believe this in the face of all logic because they lack understanding of simple issues, and were driven by emotional (anti immigrant) reasons.

While it is absolutely true that the ‘ultimate game’ explains a lot of the ‘Leave’ voters psychology, I think the truth is that democracy cannot handle people voting directly on important matters they do not understand.