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:
“Constitutional statutes ... which embody the settled public opinion of the people who enacted them and whom they are to govern—can always be enforced. But if they embody only the sentiments of a bare majority, pronounced under the influence of a temporary excitement, they will, if strenuously opposed, always fail of their object; nay, they are likely to injure the cause they are framed to advance.”
—Rutherford Birchard Hayes (1822–1893)
“Science is a dynamic undertaking directed to lowering the degree of the empiricism involved in solving problems; or, if you prefer, science is a process of fabricating a web of interconnected concepts and conceptual schemes arising from experiments and observations and fruitful of further experiments and observations.”
—James Conant (1893–1978)