Lin & Vin Ostrom, Institutions & NLT
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Simone de Beauvoir: 10 key quotes

Simone de Beauvoir: 10 key quotes | Lin & Vin Ostrom, Institutions & NLT | Scoop.it

A glimpse of the great French feminist, philosopher and novelist's thinking in quotes


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Green from the Grassroots by Elinor Ostrom - Project Syndicate

Green from the Grassroots by Elinor Ostrom - Project Syndicate | Lin & Vin Ostrom, Institutions & NLT | Scoop.it
We have never had to deal with problems of the scale facing today’s globally interconnected society.
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Last piece from Lin Ostrom, June 12.6.12.

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Elinor Ostrom, James Walker, Trust and Reciprocity

Elinor Ostrom, James Walker, Trust and Reciprocity | Lin & Vin Ostrom, Institutions & NLT | Scoop.it

Trust and Reciprocity Interdisciplinary Lessons for Experimental ResearchELINOR OSTROMJAMES WALKEREDITORS

Trust is essential to economic and social transactions of all kinds, from choosing a marriage partner, to taking a job, and even buying a used car. The benefits to be gained from such transactions originate in the willingness of individuals to take risks by placing trust in others to behave in cooperative and non-exploitative ways. But how do humans decide whether or not to trust someone? Using findings from evolutionary psychology, game theory, and laboratory experiments,Trust and Reciprocity examines the importance of reciprocal relationships in explaining the origins of trust and trustworthy behavior.

In Part I, contributor Russell Hardin argues that before one can understand trust one must account for the conditions that make someone trustworthy. Elinor Ostrom discusses evidence that individuals achieve outcomes better than those predicted by models of game theory based on purely selfish motivations. In Part II, the book takes on the biological foundations of trust. Frans de Waal illustrates the deep evolutionary roots of trust and reciprocity with examples from the animal world, such as the way chimpanzees exchange social services like grooming and sharing. Other contributors look at the links between evolution, cognition, and behavior. Kevin McCabe examines how the human mind processes the complex commitments that reciprocal relationships require, summarizing brain imaging experiments that suggest the frontal lobe region is activated when humans try to cooperate with their fellow humans. Acknowledging the importance of game theory as a theoretical model for examining strategic relationships, in Part III the contributors tackle the question of how simple game theoretic models must be extended to explain behavior in situations involving trust and reciprocity. Reviewing a range of experimental studies, Karen Cook and Robin Cooper conclude that trust is dependent on the complex relationships between incentives and individual characteristics, and must be examined in light of the social contexts which promote or erode trust. As an example, Catherine Eckel and Rick Wilson explore how people's cues, such as facial expressions and body language, affect whether others will trust them.

The divergent views in this volume are unified by the basic conviction that humans gain through the development of trusting relationships.Trust and Reciprocity advances our understanding of what makes people willing or unwilling to take the risks involved in building such relationships and why.

ELINOR OSTROM is Arthur F. Bentley Professor of Political Science and codirector of the Workshop in Political Theory and Policy Analysis and the Center for the Study of Institutions, Population, and Environmental Change, Indiana University, Bloomington. JAMES WALKER is Professor of Economics and co-associate director of the Workshop in Political Theory and Policy Analysis, Indiana University, Bloomington.

A Volume in the Russell Sage Foundation Series on Trust


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Beyond Ostrom | Workshop on Economics, RLF Berlin, 8.-11. November 2013

Beyond Ostrom | Workshop on Economics, RLF Berlin, 8.-11. November 2013 | Lin & Vin Ostrom, Institutions & NLT | Scoop.it

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The tension between Critical Legal theorists and market friendly scholars about Ostrom's legacy will go on in the years to come.

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Peter Boettke's curator insight, August 9, 2013 10:05 AM

The intellectual struggle to define the legacy of Elinor and Vincent Ostrom will continue for the foreseeable future.  While there is no doubt that Lin recognized the struggles we face globally with respect to the environment --- see her last op-ed, http://www.project-syndicate.org/commentary/green-from-the-grassroots , but she also insisted (even here) that there are no grand paneceas for our woes, only a diversity of strategies that are constantly evolvling.  My own work on Lin and the Ostroms more generally -- see, e.g., my book with Paul Aligica, Challenging the Institutional Analysis of Development (2009) -- tends to stress their intellectual ties to public choice, new institutionalism, and ordo liberalism.  But I have also written quite a bit on the multiple-methods methodology that Lin pursued and in particular the role of field work as an empirical strategy in political economy.