ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reciprocity Categorization
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Sahlin’s Codification
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Reciprocity Order
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Sahlin’s Typology
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Detailed explanation-1: -Pooling is a system of reciprocities. It is a within group relationship, whereas reciprocity is a between relationship. Pooling establishes a centre, whereas reciprocity inevitably establishes two distinct parties with their own interests.
Detailed explanation-2: -They are generalized reciprocity, balanced reciprocity and negative reciprocity. All these three kinds of reciprocity inform the varying levels of relationship within a social setting.
Detailed explanation-3: -Generalized reciprocity is a theory of gift exchange popular in the social science fields of cultural and economic anthropology. If you’ve ever done a favor or given a gift to a friend without expecting anything in return, you’ve participated in a generalized exchange of this nature.
Detailed explanation-4: -Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory explains the relevant stylized facts of a wide range of experimental games.
Detailed explanation-5: -Generalized Reciprocity. Balanced Reciprocity. Negative Reciprocity. 31-Jul-2020