Self-interest, Altruism, Egoism, Reciprocity, and Risk-Sharing in Digital Social Networks

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / June 15, 2025 / Behavioral Economics, Business Administration, Economic Policy, Globalization, Leadership and Management, Microeconomics, Social Life, Sustainability

Self-interest, Altruism, Egoism, Reciprocity, and Risk-Sharing in Digital Social Networks Read Post »

Digital social networks, such as LinkedIn, Facebook, Instagram, X (formerly Twitter), and TikTok, have transformed the ways individuals, firms, and governments interact, cooperate, and compete in society. This article examines the behavioral foundations and institutional conditions of self-interest, altruism, egoism, reciprocity, and risk-sharing in digital social networks through an interdisciplinary framework that integrates economics, sociology, psychology, political theory, and cultural studies.

Altruism, Behavioral Reciprocity, Borrowing Constraints, Communication Density, Competition, Content Moderation, Cooperation, Crime Economics, Democracy, deterrence, Digital Governance, Digital Platform Management, Digital Risk-sharing, Digital Social Networks, Digital Sociology, Directed Altruism, Dynamic Contracts, Egoism, Enforced Reciprocity, Enforcement Costs, Expected Utility, Externalities, Fairness, Financial Inclusion, Hybrid Institutions, Informal Insurance Networks, Institutional Design, Justice, Law and Economics, Limited Commitment, Mobile Money Systems, Moral Psychology, Negotiated Exchange, Network Clustering, Network Observability, Platform Behavior, Punishment Severity, Rational Choice, Reciprocal Exchange, reciprocity, Risk Sharing, Risk-averse Behavior, Self-Interest, Social Conflict, Social Costs, social interaction, social norms, Social Proximity, Strategic Reciprocity, Transaction Cost Economics, Trust-building, Utility Maximization, Voluntary risk-taking

Cosmopolitanism in the EU

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / August 10, 2023 / Globalization, Diversity, Economic Blog, Economics, Mobility, Study in Germany, Sustainability

Cosmopolitanism in the EU Read Post »

Since enacting and implementing the Treaties of the European Union (EU), European citizens enjoy the benefits of Cosmopolitanism in the EU. Cosmopolitanism as a philosophy emphasizes the importance of global Citizenship and the interconnectedness of all people worldwide. In the European context, it should be rooted in the belief that Europeans and the larger global community are all part of a larger community transcending national boundaries and that their actions should reflect pluralism in Society. Cosmopolitanism in Greek Philosophy to Modernity Cosmopolitanism is rooted in ancient Greek philosophy and has been a recurring theme in Western countries. At its core, Cosmopolitanism is

Cosmopolitanism, Economic Policy, Europe, European Citizenship, European Union, Global Citizenship, Globalization, leadership, Nationalism, Political Environment, Political Science

Importance of Social Interaction

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / June 19, 2023 / Personality, Behavioral Economics, Diversity, Economics, Foundations of Economics, Globalization, Leadership and Management, Social Life, Sustainability

Importance of Social Interaction Read Post »

Social interaction is fundamental for human well-being and societal evolution. It cultivates relational growth, community spirit, and support mechanisms, promoting empathy, understanding, and communication. Yet, individuals often require help navigating social environments, particularly in the digital age. As such, participation plays an indispensable role in personal and communal development. Additionally, understanding social conflicts stemming from differing ideas, beliefs, and status can lead to a more peaceful, equitable society.

Behavior, Behavioral Economics, Diversity, Diversity Management, game theory, Globalization, Intergroup Conflict, Interpersonal Conflict, Social games, social interaction, social life, Society, Structural Conflict

Scarce Resources in Economics

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / November 4, 2021 / Foundations of Economics, Economics, Globalization, Macroeconomics, Microeconomics, Sustainability

Scarce Resources in Economics Read Post »

What are the scarce resources in economics, and why should society understand what they are? In your economics class, students should clearly understand the concept of scarcity and how it relates to economics. All the students want to know is why labor, capital, natural resources, human capital, and all other forms are scarce in all economies or the world. Time is also a scarce resource captured by labor, natural resources, wealth, and human capital investments. 1. What are Scarce Resources in Economics? So what is the meaning of scarce resources? Scarce resources in Economics are all kinds of inputs of production processes needed by

Capital, Economics, Human Capital, Labor, Natural Resources, Resources, Scarcity, Sustainability, Time, Wealth

Renewable Energy Transition

By Tommy Gache / June 7, 2021 / Sustainability, Economic Blog, Globalization, Technology

Renewable Energy Transition Read Post »

The world needs a real renewable energy transition plan implemented asap from an environmental, economic, and political perspective. But are the global ecological policies currently enabling the transition from fossil fuel to renewable energy? Can we agree that the world is now on an unsustainable path? As of 2012, the world has emitted 9.7 billion tonnes of carbon dioxide into the atmosphere due to fossil fuels (World Resources Institute). In 2019 the projected carbon dioxide emissions had risen to about 37 billion tonnes (Global Carbon Budget 2019). How could such development in carbon emissions be sustainable? Zero Carbon Emissions and

Carbon Emissions, Energy Policy, Energy Transition, Fossil Fuels, Global Carbon Budget, Globalization, Paris Agreement, Renewable Energy, Zero Emissions

Cosmopolitanism in the EU

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Scarce Resources in Economics

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Renewable Energy Transition

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Sustainability

Self-interest, Altruism, Egoism, Reciprocity, and Risk-Sharing in Digital Social Networks

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Cosmopolitanism in the EU

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Importance of Social Interaction

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Scarce Resources in Economics

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Renewable Energy Transition

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