Kahneman Paper Fairness and the Assumptions of Economics PDF

Title	Kahneman Paper Fairness and the Assumptions of Economics
Author	Sam Rosen
Course	Ethics and Economics
Institution	University of Colorado Boulder
Pages	1
File Size	45.4 KB
File Type	PDF
Total Downloads	66
Total Views	170

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Dr. Ted Shear...

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Kahneman Paper: Fairness and the Assumptions of Economics Tuesday, March 9, 2021

11:13

Introduction • Economics agents are law-abiding, but not necessarily "fair" if fairness implies not getting maximum gain • Question at hand: "Is it useful/worth it to complicate or enrich the model of the profit seeking firm by considering the preferences that people have for being treated fairly and for treating others fairly." • Economics is unique compared to other social sciences due to the absence of consideration of fairness and loyalty from standard economic theory Study: Resisting Unfairness • How far will recipients go to resist the unfair Auction most efficient, followed by lottery, followed by queue...