We can do things together that we cannot do in isolation, not least because acting in concert enables a division of labour. But the difficulty in acting together is that people often have to trust each other. They also have to forego the opportunities to free ride on other people’s cooperation because when everyone is hitching a lift, nobody is doing the driving. This lecture examines what experiments in decision making tell us about when people cooperate and when they trust each other. How does inequality influence our behaviour? Does the institution of the market matter? And how might being part of a group determine our political future together?
Edmond J Safra Lecture Theatre, Ground Floor, King’s Building, Strand Campus