It does pay to be nice if you repeatedly deal with the same person. Martin Nowak explains why cooperation also wins in matters of reputation, neighbourliness and family. But can evolutionary game theory save the world?
Does it pay to be nice? Yes, it does. And we're not just talking about that warm fuzzy feeling inside, it pays in evolutionary terms of genetic success too. We talk to Martin Nowak about how the mathematics of evolution prove that being nice is unavoidable.
One of the most puzzling aspects of human behaviour is cooperation, in situations where backstabbing and selfishness would seem to be more rewarding. From the point of view of evolutionary theory, the very existence of altruism and cooperation appear mysterious.
Adam Smith is often thought of as the father of modern economics. In his book "An Inquiry into the Nature and Causes of the Wealth of Nations" Smith decribed the "invisible hand" mechanism by which he felt economic society operated. Modern game theory has much to add to Smith's description.