What Can Economists Explain by Taking into Account People's Perceptions of Fairness? Punishing Cheats, Bargaining Impasse, and Self-Perpetuating Inequalities
A standard hypothesis in economics, the rational self-interest hypothesis, is based on a radically simplified view of human nature that says individuals are exclusively motivated by their material self-interest and unboundedly rational in the pursuit of it. Yet experimental evidence overwhelmingly r...
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| Language: | English |
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Washington, DC: World Bank
2012
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| Online Access: | http://hdl.handle.net/10986/9251 |