Social Preferences in Behavioral Economics: The Study of Reciprocal Altruism under Different Conditions

  • Yutong Zhang
  • Huannan Huang
Keywords: Reciprocal Altruism, Ultimatum, Heuristic, External Intervention.

Abstract

Different external interventions prompt people to perceive different motivation which in turn
causes different reactions. In our study, we propose that under different circumstances, the degree of the
“reciprocal altruism heuristic” varies. This paper is aiming at carrying out an ultimatum game under two
scenarios and compares the results to demonstrate the effect of different external interventions on the
tendency of reciprocal altruism. All 10 participants in the experiment, as a result, have shown different
inclination under the implementation of various external interventions, which strongly suggests the existence
of determinants that control the inclination of mutual cooperation and the provide insights for future
psychological and educational related research to develop a more advanced system of human cognitive
models under external interferences.

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Published
2019-12-09
How to Cite
Yutong Zhang, & Huannan Huang. (2019). Social Preferences in Behavioral Economics: The Study of Reciprocal Altruism under Different Conditions. Journal of Economics and Behavioral Studies, 11(5(J), 1-10. https://doi.org/10.22610/jebs.v11i5(J).2962
Section
Research Paper