Retaliation and Reciprocity: Difference between revisions

From Dickinson College Wiki
Jump to navigationJump to search
Hammonjo (talk | contribs)
Hammonjo (talk | contribs)
Line 1: Line 1:
{{navigate}}
=<center>'''Fairness Retaliation and Reciprocity'''=
=<center>'''Fairness Retaliation and Reciprocity'''=



Revision as of 02:59, 5 May 2006

Overview | What Is Fairness? | Fairness In Game Theory | Retaliation and Reciprocity | William Baumol's Fairness Assumption | The Ultimatum Game Under Baumol's Fairness Assumption | Fairness Theory Homepage


Fairness Retaliation and Reciprocity

"A man ought to be a friend to his friend and repay a gift with gift. People should meet smiles with smiles and lies with treachery."(Fehr and Gaechter, from the Edda)

Reciprocity is considered distinct behavior from that which is classified as cooperative or retaliatory. Reciprocity deals with actions that are simply responses, rather than actions that will lead to future material gains.