62 research outputs found

    Assumption without representation: the unacknowledged abstraction from communities and social goods

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    We have not clearly acknowledged the abstraction from unpriceable “social goods” (derived from communities) which, different from private and public goods, simply disappear if it is attempted to market them. Separability from markets and economics has not been argued, much less established. Acknowledging communities would reinforce rather than undermine them, and thus facilitate the production of social goods. But it would also help economics by facilitating our understanding of – and response to – financial crises as well as environmental destruction and many social problems, and by reducing the alienation from economics often felt by students and the public

    Avoidance of risk as a determinant of cooperation

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    Pairs of subjects could either cooperate or respond on a lower paying individual task. Whenever both subjects chose to cooperate, either subject could make a response that took $1.00 of the other's earnings. In Exp. I, a stimulus signalled when a “take” response had been made. Either subject could avoid the loss by switching to the individual task within 5 sec after the stimulus appeared. Rates of cooperation were high when losses could be avoided but decreased again when the avoidance condition was removed. In Exp. II, a response prevented “takes” from occurring for a specified time interval after the response. This procedure also maintained cooperation. When each avoidance response subtracted from earnings, both avoidance responding and cooperation were eliminated

    TAKING AND THE DISRUPTION OF COOPERATION 1

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    Minimizing differences in a maximizing difference game.

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