Homo Economicus Swinging Back - The Ceasing Free-Rider Problem
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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 […]
Economics, Policy, Psychology, Social, Sociology, Stereotypical, TraditionalCategories
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