Fairness preferences and optimization skills: are they substitutes? An experimental investigation
Article Abstract:
A model was generated to assess the theory that individuals with altruistic tendencies will not manage as well as individuals with self-serving behavior in dealing with optimization problems. Traditional thinking attributes the former group's poor performance to their reliance on sub-optimal heuristics. However, results revealed that subjects who favored altruism fared as well, and even better, than groups with self-interested behaviour.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Is altruism evolutionarily stable? And envy and malevolence? Remarks on Bester and Guth
Article Abstract:
Research indicating that altruism can be evolutionarily stable is discussed. It is argued that one social emotion alone could outweigh the efficiency is brings in some situations by further inefficiency in other situations.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
On the evolutionary stability of altruistic and spiteful preferences
Article Abstract:
Spite and altruism may both be evolutionarily stable when there is a strategic interaction. Uncertainty would eliminate spiteful preferences, but would also eliminate altruistic ones.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Monetary dynamics, exchange rates and parameter instability: an empirical investigation. Dynamic modelling of fiscal and exchange rates policy effects in a developing country: a non-structural approach
- Abstracts: The market for preferences. Akerlof and Kranton on identity in economics: inverting the analysis. Principles of neo-Schumpeterian economics
- Abstracts: Optimal portfolio and consumption decisions in a stochastic environment with precommitment. The problem of population and growth: a review of the literature from Malthus to contemporary models of endogenous population and endogenous growth
- Abstracts: Tests for bounded rationality with a linear dynamic model distorted by heterogeneous expectations. Adaptive learning of rational expectations using neural networks
- Abstracts: Decisiveness, attitude expression and symbolic responses in contingent valuation surveys. Sequential elections and overlapping terms: voting for US Senate