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Why Fairness? Facial Expressions, Evolutionary Psychology, and the Emergence of Fairness in Simple Bargaining Games
Eckel, Catherine; Wilson, Rick K. - 1999
"One of the successes in contemporary social science is the development and proliferation of game theory. For a wide … range of phenomena, game theory produces enormous insight into the strategic interaction of individuals. Its greatest power …, information aggregation or when confronting large-scale social dilemmas. However, as Ostrom (1998) reminds us, game theory also …
Persistent link: https://www.econbiz.de/10009468443
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Production Function and Institutions
Sengupta, Nirmal - 1998
"The classical economists were primarily engaged in analysis of the wonder that is production. The marginalists, while laying the foundation of mathematical economics, shifted its focus to rational behavior of a single consumer, presumably because there they found a problem readily amenable to...
Persistent link: https://www.econbiz.de/10009468398