Cooperation by Individuals and in Societies
Lecture no. 20 from the course: Behavioral Economics: When Psychology and Economics Collide
Taught by Professor Scott Huettel | 31 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Here, explore why we (and other animals) work together for mutual gain, and what kinds of interactions lead to cooperative behavior. Observe how cooperation arises through a combination of self-interest, awareness of others’ actions, and social norms, and how it is maintained through practices of punishment and reward.