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Volumn 311, Issue 5757, 2006, Pages 47-52

When does "economic man" dominate social behavior?

Author keywords

[No Author keywords available]

Indexed keywords

INDUSTRIAL ECONOMICS; STRATEGIC PLANNING;

EID: 30344473631     PISSN: 00368075     EISSN: 10959203     Source Type: Journal    
DOI: 10.1126/science.1110600     Document Type: Review
Times cited : (507)

References (51)
  • 3
    • 30344448230 scopus 로고    scopus 로고
    • note
    • In principle, economic methods such as optimization under constraints are strictly neutral with regard to the nature of people's preferences. These methods certainly allow for the formalization of other-regarding motives, but in almost all applications, economists assume that preferences are purely self-regarding.
  • 17
    • 30344479394 scopus 로고    scopus 로고
    • Institute for Empirical Research in Economics, University of Zurich
    • U. Fischbacher, C. Fong, E. Fehr, Working Paper No. 133 (Institute for Empirical Research in Economics, University of Zurich, 2002).
    • (2002) Working Paper No. 133
    • Fischbacher, U.1    Fong, C.2    Fehr, E.3
  • 20
    • 84927955566 scopus 로고    scopus 로고
    • M. Dewatripont, L. P. Hansen, S. J. Turnovky, Eds. (Cambridge Univ. Press, Cambridge, UK)
    • E. Fehr, K. Schmidt, in Advances in Economics and Econometrics, M. Dewatripont, L. P. Hansen, S. J. Turnovky, Eds. (Cambridge Univ. Press, Cambridge, UK, 2003), vol. 1, p. 208.
    • (2003) Advances in Economics and Econometrics , vol.1 , pp. 208
    • Fehr, E.1    Schmidt, K.2
  • 21
    • 30344468693 scopus 로고    scopus 로고
    • note
    • Explaining why even reciprocal buyers make unfair offers is less accessible to simple intuitions. See (9) and (17) for mathematical explanations.
  • 45
    • 30344460273 scopus 로고    scopus 로고
    • note
    • Although remarkably accurate in many cases, prediction markets are also sensitive to short-term mistakes: For example, based on early "exit polls," in the 2004 U.S. presidential election the Tradesports and Iowa Political Markets both forecasted a 70% chance of a victory by John Kerry (even though both markets had forecasted a narrow Bush victory the day before the election), because the exit polls were inaccurate.
  • 51
    • 30344482832 scopus 로고    scopus 로고
    • note
    • C.F.C. gratefully acknowledges support from the Human Frontier Science Program and N5F (grant SE5 000376) grants to Caltech. E.F. gratefully acknowledges support from the Research Priority Program of the University of Zurich on the "Foundations of Human Social Behavior" and the Collegium Helveticum.


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.