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Economic man: Self-interest and rational choice
Published online by Cambridge University Press: 22 December 2005
Abstract
“Economic man” assumes not only self-interest, but also rationality of choices. The finding that ultimatum game offers can be explained by ambiguity aversion as well as pessimism, plus other findings, suggests the usefulness of taking bounded rationality more into account. Neurodevelopmental and heritability research supports the authors' emphasis on the importance of social learning and socialization.
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- Copyright © Cambridge University Press 2005
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