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We like people who cooperate with us.
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This motivates us to be nice to them in the future
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much as the Tit-for-Tat algorithm says,
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"If you are nice to me now, I'll be nice to you back."
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We don't like being screwed with.
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We feel anger and distrust towards those who betray us.
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That motivates us to betray or avoid them in the future.
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And we feel bad when we betray somebody
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who cooperates with us.
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This motivates us to behave better in the future.
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You can break down the cells of The Prisoner's Dilemma
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in terms of emotions that they give rise to.