Hamilton’s rule in economic decision-making
<jats:title>Significance</jats:title> <jats:p>Kin selection—helping genetically related individuals even at a cost to oneself—can be evolutionarily advantageous. This is the main theoretical explanation for altruism in the natural world. Hamilton’s rule provides a simple...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Proceedings of the National Academy of Sciences
2022
|
| Online Access: | https://hdl.handle.net/1721.1/144203 |
| _version_ | 1826196433978523648 |
|---|---|
| author | Levy, Moshe Lo, Andrew W |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Levy, Moshe Lo, Andrew W |
| author_sort | Levy, Moshe |
| collection | MIT |
| description | <jats:title>Significance</jats:title>
<jats:p>Kin selection—helping genetically related individuals even at a cost to oneself—can be evolutionarily advantageous. This is the main theoretical explanation for altruism in the natural world. Hamilton’s rule provides a simple algebraic relationship that captures this profound idea. While behavior consistent with Hamilton’s rule has been observed in many species, a direct and sharp test of this rule has not yet been performed. In this paper, we employ techniques borrowed from experimental economics to test the predictions of Hamilton’s rule. We find strong support for the rule. This result sheds light on the dominant role played by evolutionary biology in explaining human behavior.</jats:p> |
| first_indexed | 2024-09-23T10:26:29Z |
| format | Article |
| id | mit-1721.1/144203 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T10:26:29Z |
| publishDate | 2022 |
| publisher | Proceedings of the National Academy of Sciences |
| record_format | dspace |
| spelling | mit-1721.1/1442032023-01-27T18:54:28Z Hamilton’s rule in economic decision-making Levy, Moshe Lo, Andrew W Sloan School of Management <jats:title>Significance</jats:title> <jats:p>Kin selection—helping genetically related individuals even at a cost to oneself—can be evolutionarily advantageous. This is the main theoretical explanation for altruism in the natural world. Hamilton’s rule provides a simple algebraic relationship that captures this profound idea. While behavior consistent with Hamilton’s rule has been observed in many species, a direct and sharp test of this rule has not yet been performed. In this paper, we employ techniques borrowed from experimental economics to test the predictions of Hamilton’s rule. We find strong support for the rule. This result sheds light on the dominant role played by evolutionary biology in explaining human behavior.</jats:p> 2022-08-03T17:48:31Z 2022-08-03T17:48:31Z 2022-04-19 2022-08-03T17:38:47Z Article http://purl.org/eprint/type/JournalArticle https://hdl.handle.net/1721.1/144203 Levy, Moshe and Lo, Andrew W. 2022. "Hamilton’s rule in economic decision-making." Proceedings of the National Academy of Sciences, 119 (16). en 10.1073/pnas.2108590119 Proceedings of the National Academy of Sciences Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf Proceedings of the National Academy of Sciences PNAS |
| spellingShingle | Levy, Moshe Lo, Andrew W Hamilton’s rule in economic decision-making |
| title | Hamilton’s rule in economic decision-making |
| title_full | Hamilton’s rule in economic decision-making |
| title_fullStr | Hamilton’s rule in economic decision-making |
| title_full_unstemmed | Hamilton’s rule in economic decision-making |
| title_short | Hamilton’s rule in economic decision-making |
| title_sort | hamilton s rule in economic decision making |
| url | https://hdl.handle.net/1721.1/144203 |
| work_keys_str_mv | AT levymoshe hamiltonsruleineconomicdecisionmaking AT loandreww hamiltonsruleineconomicdecisionmaking |