Imagine a small village where every action someone takes, good or bad, is quietly followed by ever-attentive, nosy neighbors. An individual’s reputation is built through these actions and observations, which determines how others will treat them. They help a neighbor and are likely to receive help from others in return; they turn their back on a neighbor and find themselves isolated. But what happens when people make mistakes, when good deeds go unnoticed, or errors lead to unjust blame?
Theoretical biologists test two modes of social reasoning and find surprising truths in simplicity
More In Finance
-
Canada has some of the highest interchange fees in the world. Interchange fees are the fees businesses pay each time their customers pay by credit card. The average interchange fee in Canada is about 1.5 per cent of [...]
-
Main Street businesses that survived COVID-19 restrictions are now navigating a pandemic recovery where predicted changes in the retail industry have been accelerated by five to 10 years. The ability to adapt to these changes, coupled [...]
-
The big idea Consumers who see a product on sale being virtually touched are more engaged and willing to pay more than if the item is displayed on its own, according to a recent research paper [...]
-
Entrepreneurs, their associated startups and the subsequent growth of their companies have a vital impact on the health of our economy. In Canada, young adults have demonstrated a growing interest in entrepreneurship. Entrepreneurship has historically been narrowly [...]
-
Economics is broadly divided into macroeconomics and microeconomics. The big picture, macroeconomics, concentrates on the behavior of a national or a regional economy as a whole: the totals of goods and services, unemployment and prices. Then there’s a more [...]
