lecture 5 Flashcards
1
Q
what is reciprocity
A
principle of “give and take” basically as you will do I will do the same. “an eye for an eye”
2
Q
what kind of experiments there are for this? (mentioned in mandatory article)
A
ultimatium games and public goods games
3
Q
what reciprocity fosters?
A
fosters cooperation and enforces fairness
4
Q
trusts acts as…
A
social capital as valuable as financial capital
