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 good, public and/or experiments:
“The trade of advertising is now so near perfection that it is not easy to propose any improvement. But as every art ought to be exercised in due subordination to the public good, I cannot but propose it as a moral question to these masters of the public ear, whether they do not sometimes play too wantonly with our passions.”
—Samuel Johnson (1709–1784)
“A public man must never forget that he loses his usefulness when he as an individual, rather than his policy, becomes the issue.”
—Richard M. Nixon (1913–1995)
“My experiments did not turn out quite like yours, Henry. But science, like love, has her little surprises.”
—William Hurlbut (1883–?)