Behavioral Economics: Week 10
Topic: More on the Ultimatum Game: Social Norms,
Altruism and Compassion, Trust and Reciprocity
Week 10 Required Readings and Videos:
Colin F. and Ernst Fehr. 2006. "When does 'Economic Man'
Dominate Social Behavior.?" Science, Vol. 311 (5757);
Fehr, Ernst and Urs Fischbacher. 2003. "The Nature of
Human Altruism." Nature, Vol. 425: 785-791.
Compassion and Economics
Ariely, Dan. 2010. The
Upside of Irrationality. Chapters 9 and 10.
Chapter 9: On Empathy and Emotion: Why we respond to one person
who needs help, but not to many
Chapter 10: The Long-term Effects of Short-Term Emotions: Why We
Shouldn't Act on our Negative Feelings
Trust and Oxytocin
Ted Talk on the Science of Trust
Ultimatum Game: Minutes 26:00 to 31:00
Robert Write: How Cooperation (Eventually) Trumps Conflict
Lab Experiments: Trust and
Labor Market Reciprocity, Holt Chapter 24
Powerpoint on the
Fair Sex, Powerpoint Trust and Reciprocity,