- Title: Mr
- Position: PhD Student - Department of Economics
- Load: PhD Student Full Time
- Principal supervisor: Dr. Pundarik Mukhopadaya
- Associate supervisor: Dr. Edwin Franks
- Date of submission: 25/08/2014
- Thesis title: The Role of Altruism in Wellbeing
- Purpose: This paper explains the relationships among altruism, social interaction, culture, and social capital.
- Originality: Developing a model to formulate precise relationships among these variables will significantly provide a more thorough understanding about how multidimensional well-being is shaped.
- Key Literature/theoretical perspective:
Two key papers:
- Kitcher, P., 2010. Varieties of altruism. Econ. Philos. 26, 121–148.
- Triandaru, S., Mukhopadhaya, P., Frank, E., 2012. Altruism and transfer behaviour. Paper presented at the Warsaw International Economic Meeting 2012.
- Design/methodology/approach: The model is based on a utility function which can include a choice between using resources for own consumption and for others.
- Findings: The theoretical models developed here show that, through social interaction, cultural process creates higher average level of psychological altruism and also a more uniform level of psychological altruism of a society. Moreover, social capital can be defined and measured as the average level of psychological altruism of a society.
- Research limitations/implications: In researching the role of altruism in well-being, one more important variable, institution, has not been included in this model.
- Practical and social implications: This precise definition for social capital is important to prevent it from being variably translated into many indicators or variables in research. This variability can undermine both the ability to compare one research to another as well as the accuracy of the results.
- Keywords: altruism, social interaction, culture, social capital.