One of the most intriguing discoveries of experimental economics is that (1) as we have seen, people invariably behave non-cooperatively in small and large group ‘impersonal' market exchange institutions; (2) many (up to half in single play; over 90% in repeat play) cooperate in ‘personal' exchange (two-person extensive form games); (3) yet in both economic environments all interactions are between anonymous players.
Vernon L. SmithRelated topics
economics exchange experimental form group half impersonal intriguing large market people personal play repeat seen single small yetRelated quotes
[W]hat I used to respect was not really aristocracy, but a set of personal qualities which aristocracy then developed better than any other system . . . a set of qualities, however, whose merit lay only in a psychology of non-calculative, non-competitive disinterestedness, truthfulness, courage, and generosity fostered by good education, minimum economic stress, and assumed position, AND JUST AS ACHIEVABLE THROUGH SOCIALISM AS THROUGH ARISTOCRACY.
H. P. Lovecraft
We entered a synagogue which was packed with the greatest stinking bunch of humanity I have ever seen. Either these Displaced Persons never had any sense of decency or else they lost it all during their period of internment by the Germans.... My personal opinion is that no people could have sunk to the level of degradation these have reached in the short space of four years.
George S. Patton
The Soviet Union, true to the Leninist principles of respect for the rights and national independence of all peoples great or small, has always been and is guided in its relations with other countries by the principles of mutual respect for territorial integrity and sovereignty, non-aggression, non-intervention in each other's internal affairs, equality and mutual benefits, peaceful coexistence and economic cooperation.
Kliment Voroshilov
Remember that you ought to behave in life as you would at a banquet. As something is being passed around it comes to you stretch out your hand, take a portion of it politely. It passes on do not detain it. Or it has not come to you yet do not project your desire to meet it, but wait until it comes in front of you. So act toward children, so toward a wife, so toward office, so toward wealth.
Epictetus
The public has lost the habit of movie-going because the cinema no longer possesses the charm, the hypnotic charisma, the authority it once commanded. The image it once held for us all - that of a dream we dreamt with our eyes open - has disappeared. Is it still possible that one thousand people might group together in the dark and experience the dream that a single individual has directed.
Federico Fellini
