The article discusses the concepts of altruism and prosocial behavior and their importance in interdisciplinary studies of behavioral economics. The basic theoretical models and concepts of altruism in Behavioral Economics are reviewed. Altruism is shown to be a hidden and complicated form of...

The globalization severely affected post-Soviet countries which were in the process of introduction of new reforms. Independent states emerged after the collapse of the Soviet Union had to make a choice while building market economy. One group of countries (the Baltic States) chose European...

The globalization severely affected post-Soviet countries which were in the process of introduction of new reforms. Independent states emerged after the collapse of the Soviet Union had to make a choice while building market economy. One group of countries (the Baltic States) chose European...

Non-neutrality of money and stickiness of prices puzzled the economist for decades. The phenomenon of money illusion is one of the central aspects with this regard. Money illusion refers to the tendency to confuse nominal and real aspects of the economy. Our experimental evidences show that even...

The vast majority of experimental studies on the effectiveness of punishments in promoting cooperation in social dilemma situation examine decentralized incentive systems where all group members can punish each other. Cross-societal experimental studies suggest that while decentralized...

Many modern societies sustain large-scale cooperation among strangers and maintain the provision of public goods through well-functioning top-down formal institutions. However, it is important to understand the differences between weak and strong formal institutions in achieving two key goals in...

Can formal institutions shape prosocial behavior and lead to the spillover effect of cooperation? To explore this question, we experimentally test the spillover- based theory in a novel context. We measured the spillover effect on cooperation in the same domain measured by the repeated anonymous...

Recent experimental economic research highlights the importance of Altruism and prosociality in many economic relations. Our experiment replicates the cross-cultural public goods game experiment conducted in 16 different countries by (Herrmann, Thöni, and Gächter 2008). We find that the mean...