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

Preparing for Christmas as an International Student in Germany

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / October 19, 2024 / Study in Germany, Diversity, Freiburg im Breisgau, International Economics, Life Coaching, Social Life

Preparing for Christmas as an International Student in Germany Read Post »

Christmas in Germany is a magical season full of traditions, joy, and festive spirit. For international students, whether in an exchange program or studying abroad, it’s not just a time to witness the beauty of the Christmas holiday but also an opportunity to build meaningful connections, expand intercultural awareness, and make lasting memories.

Advent, Christmas, Christmas Markets, Cultural Exchange, German Traditions, intercultural communication, Intercultural Competence, International Student, social interaction, Student life, Study abroad, Time Management, Univesity

Managing Diversity in Society

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / August 7, 2024 / Diversity, Behavioral Economics, Economic Policy, Globalization, Leadership and Management, Mobility, Personality, Social Life, Technology

Managing Diversity in Society Read Post »

Managing diversity in society brings numerous benefits for individuals, families, firms, and the international community, fostering intercultural management and communication. Recognizing, accepting, and respecting differences is crucial, with human rights serving as the foundation for healthy diversity management. Upholding democratic values, education, fair engagement, and countering populism and disinformation are essential for promoting diversity.

Behavioral Economics, Diversity, Diversity Management, Equality, Global, Globalization, Human Rights, Inalienability, management, Plurality, Regionalization, social integration, social interaction, Society, Understanding

The Importance of Intercultural Competence

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / March 12, 2024 / Diversity, Behavioral Economics, Globalization, Leadership and Management, Life Coaching, Personality

The Importance of Intercultural Competence Read Post »

This article highlights the crucial importance of intercultural competence in effectively engaging with individuals from diverse cultures. It is critical to cultivate skills that facilitate interaction with people of different cultures. This entails shifting from ethnocentrism to ethnorelativism by wholeheartedly embracing, adjusting to, and integrating cultural involvement processes. The article provides a comprehensive overview of the fundamentals of intercultural competence.

Behavior, Behavioral Economics, Cultural Sensitivity, Diversity, Diversity Management, Empathy, Ethnocentrism, Ethnorelativism, Geopolitics, intercultural communication, Intercultural Competence, social integration, social interaction, Social order, Society

Crucial Role of German Society in a Democracy

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / February 3, 2024 / Economic Policy, Behavioral Economics, Diversity, Economics, Leadership and Management, Public Policy

Crucial Role of German Society in a Democracy Read Post »

This article discusses the role of German society in a democracy, examining the challenges facing democratic institutions due to populistic, anti-global, and anti-democratic behavior. The success of a democracy depends on the informed and active participation of its citizens. The German Federal Constitution declares Germany a democratic and social federal state, with German citizens having exclusive power to elect and vote for their leaders. The constitutional order binds law and justice, and the German society has the right to defend its constitutional order against those seeking to abolish fundamental rights. The article also highlights the need for the vigilant role of members of society, including the migrant community, in a democratic society.

Accountability, Citizen Participation, Contitutional Order, Critical Strategic Thinking, Democracy, Democratic Institutions, Economics, European Union, German Federal Constitution, German Society, Migration, Oversight, Populism, Public Policy, social interaction

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

Competitive and Complete Markets

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / May 15, 2023 / Markets, Economics, Financial Markets, Foundations of Economics, Macroeconomics, Microeconomics

Competitive and Complete Markets Read Post »

Let us discuss the nature of competitive and complete markets in economics. A competitive market is characterized by multiple buyers and sellers who have no control over market prices. Conversely, a complete market involves trade in all possible goods with no future price uncertainty. While both types feature many market participants, they differ substantially regarding certainty about future prices. Markets play a crucial societal role, contributing to efficient resource allocation and allowing freedom of choice. However, market failures like externalities and information asymmetry drive the need for appropriate regulation.

Behavioral Economics, Competitive Markets, Complete Markets, Economics, Equilibrium, Market Theory, Markets, Price Mechanism, Rationality, social interaction

Merry Christmas 2021

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / December 4, 2021 / Life Coaching, Announcements, Economics of Pandemics, Love, Personality, Social Life

Merry Christmas 2021 Read Post »

“Merry Christmas 2021!” we will all say to our loved ones on Christmas. Yet it is another year celebrating Christmas amid a global COVID19 pandemic, but we must be optimistic, have hope and faith. You are probably looking for the best Christmas presents for your loved ones. But should we be thinking about material gifts or gifts for the soul? What is all about Christmas? Christmas is about the birth of Jesus: Merry Christmas 2021 For many Christians worldwide, Christmas is about the birth of Jesus of Nazareth, Son of Joseph and Mary, in Bethlehem. It is a season of

Christian Life, Christmas, Confidence, Corona Crisis, Corona Pandemic, Expectation, Faith, Hope, Love, Personality, Risk Sharing, social integration, social interaction, social life, social norms, Social responsibility, Social welfare

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