The classical definition of altruism in evolutionary biology requires that an organism incur a fitness cost in the course of providing others with a fitness benefit. New insights are gained, however, by exploring the implications of an adaptationist version of the 'problem of altruism,' as the existence of machinery designed to deliver benefits to others. Alternative pathways for the evolution of altruism are discussed, which avoid barriers thought to limit the emergence of reciprocation across species. We define the Banker's Paradox, and show how its solution can select for cognitive machinery designed to deliver benefits to others, even in the absence of traditional reciprocation. These models allow one to understand aspects of the design and social dynamics of human friendship that are otherwise mysterious. (PsycINFO Database Record (c) 2012 APA, all rights reserved)