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Related Concept Videos

Social Exchange Theory02:06

Social Exchange Theory

We have discussed why we form relationships, what attracts us to others, and different types of love. But what determines whether we are satisfied with and stay in a relationship? One theory that provides an explanation is social exchange theory. According to social exchange theory, we act as naïve economists in keeping a tally of the ratio of costs and benefits of forming and maintaining a relationship with others (Rusbult & Van Lange, 2003).
Social Exchange Theory01:26

Social Exchange Theory

As formulated by John Thibaut and Harold Kelley, Social Exchange Theory explains human relationships as economic-like exchanges that maximize rewards and minimize costs. This theory suggests that individuals engage in relationships to gain benefits and reduce burdens, similar to economic transactions. It has been widely applied to various types of relationships, including romantic, professional, and social interactions.Rewards and Costs in RelationshipsRelationship rewards include emotional...
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Social Loafing

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Related Experiment Video

Updated: Jun 7, 2026

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
06:18

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm

Published on: October 20, 2022

How wealth accumulation can promote cooperation.

Thomas Chadefaux1, Dirk Helbing

  • 1ETH Zurich, CLU E1, Sociology Modeling and Simulation, Zurich, Switzerland. thomas.chadefaux@gess.ethz.ch

Plos One
|November 5, 2010
PubMed
Summary
This summary is machine-generated.

Wealth accumulation surprisingly promotes cooperation in evolutionary games. Even in selfish environments, investing in interactions allows cooperation to emerge, survive, and often outperform defection.

More Related Videos

The HoneyComb Paradigm for Research on Collective Human Behavior
06:48

The HoneyComb Paradigm for Research on Collective Human Behavior

Published on: January 19, 2019

Related Experiment Videos

Last Updated: Jun 7, 2026

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
06:18

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm

Published on: October 20, 2022

The HoneyComb Paradigm for Research on Collective Human Behavior
06:48

The HoneyComb Paradigm for Research on Collective Human Behavior

Published on: January 19, 2019

Area of Science:

  • Evolutionary game theory
  • Behavioral economics
  • Social dynamics

Background:

  • Explaining cooperation is a long-standing challenge across multiple disciplines.
  • Existing mechanisms for cooperation often require complex strategies or strict conditions.

Purpose of the Study:

  • To investigate the emergence and stability of cooperation in a model with wealth accumulation.
  • To determine if wealth dynamics can foster cooperation in selfish environments.

Main Methods:

  • Utilized agent-based modeling of games with local adaptation, such as the prisoner's dilemma.
  • Introduced wealth accumulation and investment in interactions, creating payoff heterogeneity.

Main Results:

  • Cooperation emerged, survived, and frequently dominated defection across a wider parameter range than in traditional models.
  • Cooperators achieved better outcomes than defectors, irrespective of strategic behavior or imposed strategies.

Conclusions:

  • Wealth accumulation and investment in interactions are powerful drivers for cooperation, even against strong selfish incentives.
  • This finding challenges traditional evolutionary game theory and suggests new perspectives on optimal social and economic systems.