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Experiments in Economics: Playing fair with money / Edition 1
Barnes and Noble
Experiments in Economics: Playing fair with money / Edition 1
Current price: $58.99
Barnes and Noble
Experiments in Economics: Playing fair with money / Edition 1
Current price: $58.99
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Are humans fair by nature? Why do we often willingly trust strangers or cooperate with them even if those actions leave us vulnerable to exploitation? Does this natural inclination towards fairness or trust have implications in the market-place? Traditional economic theory would perhaps think not, perceiving human interaction as self-interested at heart. There is increasing evidence however that social norms and norm-driven behaviour such as a preference for fairness, generosity or trust have serious implications for economics. This book provides an easily accessible overview of economic experiments, specifically those that explore the role of fairness, generosity, trust and reciprocity in economic transactions.
- Pricing by firms
- Writing labour contracts between parties
- Marking voluntary contributions to charity,
- Addressing issues of environmental pollution,
- Providing micro-credit to small entrepreneurs,
- Resolving problems of coordination failure in organizations.