Magazine article from our research archive:

Behavioral foundations of reciprocity: Experimental economics and evolutionary psychology

ELIZABETH HOFFMAN, KEVIN A. MCCABE and VERNON L. SMITH*

Laboratory experiments have generally supported the theorem that, in classical property rights environments, noncooperative behavior in markets yields efficient social outcomes. Experiments, however regularly fail to support the game theoretic prediction of noncooperative behavior in small-group strategic interaction and in large-group public good environments. In these two types of experiments subjects frequently achieve more efficient social outcomes-they collect more money from the experimenter-than noncooperative game theory predicts. Many subjects in these experiments exhibit reciprocity even in single-play games. Evolutionary ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!