Humans (aren’t that bad) after all.
May 6th, 2010
… as even economists (the scientists, not the practicioneers) find/found out:
Ernst Fehr: How I found what’s wrong with economics.
Fehr studies the outcomes of economic experiments. He finds that the theoretical hard-core “homo economicus” model produces completly different (and often worse) outcomes than the emprical real-life experiments. People seem to put a certain value at fairness.