Skip navigation

Michael Kosfeld

Michael Kosfeld is Professor of Business Administration at Goethe University Frankfurt, where he is also Director of the Center for Leadership and Behavior in Organizations (CLBO) and the Frankfurt Laboratory for Experimental Economic Research.

Titles by This Editor

Principles and Applications

In the natural world, some agents (investors) employ strategies that provide resources, services, or information, while others (exploiters) gain advantages through these efforts. This behavior coexists and can be observed in many species and at many levels. For example, bacteria depend on the existence of biofilms to synthesize constituent proteins; cancerous cells employ angiogenesis to feed a tumor; and parents forgo vaccinating their children yet benefit from herd immunity.