Experimental research into the spontaneous emergence of fairness in the marketplace

The purpose of this article is to present the results of an experimental study of the spontaneous emergence of fairness in the market as a means of increasing the wealth of a given community. The article examines the following three issues. Firstly, whether honesty can be created in a world of firstly, whether honesty can arise in a world of completely anonymous economic transactions, without reputation mechanisms. Secondly, can institutions not connected to the state, created by the state, arise spontaneously with the state, established voluntarily as a result of the rational actions of individuals maximising their payments. The final question is whether the above-mentioned institutions are capable of inducing individuals to behave fairly. Two experiments were designed to address this question. The first experiment tested the operation of punitive institutions under pure game theory conditions – the Okada model. In the second experiment, it was decided to The second experiment was designed to make the study more realistic by increasing the potential use of institutional solutions, promoting fairness. The two versions of the experiment were then compared with the theoretical model and with each other, and conclusions were drawn.