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’

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