Homo Economicus Swinging Back – The Ceasing Free-Rider Problem

By Writer ⋅ March 3, 2008 ⋅

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Traditional economic models assume that people are self-interested in the narrow sense. If “homo economicus” – the stereotypical rational actor in these models – finds a wallet on the sidewalk, he keeps the cash inside. He doesn’t leave tips after dining in restaurants that he will never visit again. And he would never vote in [...]