Social Sciences
3 years ago

New research reveals how fairness and altruism shape economic decision-making.

RePEc: Research Papers in Economics
The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories
Ernst Fehr, Klaus M. Schmidt

Paper Summary

The article explores how fairness, reciprocity, and altruism influence economic decisions. It looks at real-life and experimental evidence, as well as new theories that try to explain this behavior.

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