Public Good Experiments
In public good experiments, behavioral economists have demonstrated that the potential for reciprocal actions by players increases the rate of contribution to the public good, providing evidence for the importance of reciprocity in social situations.
Read more about this topic: Reciprocity (social Psychology)
Famous quotes containing the words public and/or experiments:
“On our streets it is the sight of a totally unknown face or figure which arrests the attention, rather than, as in big cities, the strangeness of occasionally seeing someone you know.”
—For the State of Vermont, U.S. public relief program (1935-1943)
“The trouble with tea is that originally it was quite a good drink. So a group of the most eminent British scientists put their heads together, and made complicated biological experiments to find a way of spoiling it. To the eternal glory of British science their labour bore fruit.”
—George Mikes (b. 1912)