Reciprocal Altruism
The Basic Idea
Let’s be honest here. You’ve probably covered for a friend or sibling while they snuck out to a party past curfew. When you agreed to this scheme, what was the first thing that crossed your mind? Maybe you thought “this is a stupid idea, I could get in trouble”. But maybe the gears started turning: “If I do this right now, they’ll help me out in the future.”
This idea of making a sacrifice to receive a later payment is known as reciprocal altruism. While altruistic behavior is characterized as making sacrifices for others due to our care for their well-being, reciprocal altruism occurs when an individual acts altruistically in hopes of equal-value repayment in the future.1, 2
About the Author
Adrienne Fu
Adrienne Fu is a student at McGill University studying Economics, Computer Science, and Psychology. She is passionate about behavioural economics, particularly its intersection with consumer decision-making and UX Design. Outside of the (virtual) office, she enjoys film photography, reading, and taking care of her (many) plants.