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How and When Can Economic Skills Enhance Cooperation?
Conventional wisdom has it that economic training and education tends to produce less cooperative people – where cooperation means following group-oriented goals. This issue has attracted particular attention in discussions of the current economic crisis where it was asked if increasing marketiz...
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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 16-2023) |
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| Main Authors: | , , |
| Format: | Article |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | PDF Full Text |
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| Summary: | Conventional wisdom has it that economic training and education
tends to produce less cooperative people – where cooperation means
following group-oriented goals. This issue has attracted particular
attention in discussions of the current economic crisis where it was
asked if increasing marketization of societies has created an environment
encouraging amoral selfish behavior of financial intermediaries
and other economic agents. We provide some evidence against this
claim with the help of an experiment, using an investment game with
a public-goods character. Modest guidance of strategic abilities increases
the degree of cooperation if the institutional setting permits
reputation building. We thus conclude that economic practice can
enhance cooperation in a socially stable environment. |
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| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0179 |