Pragma Synesi – interesting bits

Compendium of interesting bits I come across, with an occasional IMHO

The unfairness effect on ‘Homo economicus’

Economic theories are based on certain assumptions — one of them is that humans act in self-interest. Dr. Falk’s work suggest that this is not entirely true — “fairness” has a great deal of effect on human decision making.  From The Globe and Mail Metro,  April 20, 2012:

The unfairness effect on ‘Homo economicus’

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April 21, 2012 Posted by | decision making, economics | , , , | Leave a comment

Fair Play

Is the human quality of fairness in our genome, or is it a social construct?  The study concludes the latter — it found  a correlation between fairness and market integration.  Note that the original article includes a graph not reproduced here.  From the Mar 18th, 2010 issue of The Economist:

The origins of selflessness

Fair play

It is not so much that cheats don’t prosper, but that prosperity does not cheat

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August 22, 2010 Posted by | behaviour, economics, psychology, sociology | , , | Leave a comment

Chimps more rational than humans?

Are chimps more rational than humans? In some cases maybe — I think it shows how the human instinct for “fairness” (apparently not a chimp trait) affects our decision making.  The article below describes the experiment of chimp rationality.

From Technology Review, Thursday, August 20, 2009:

Are We More Rational Than Our Fellow Animals?

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August 25, 2009 Posted by | behaviour, decision making, evolutionary psychology | , , , | 3 Comments