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This essay is written for a symposium on Luigino Bruni's The Genesis and Ethos of the Market. That book identifies a tradition of Neapolitan civil economy that arose in the 18th century, and which the author opposes to the more familiar tradition of Smithian political economy. The difference in...
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Adam Smith’s view of the proper role for government in commercial societies remains a source of debate. Here we sketch out in simple game-theoretic terms the numerous public-goods provision and externalities problems on display in particular in Book V of The Wealth of Nations. Casting these...
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posterior prize, introducing thus a competitive element into group decision-making. We compare the effects of this rule with a … behavior even when individuals are extremely penalized for their contributions. We also explore the drivers of decision in the … contest and that competitiveness explains part of the behavior with the inverse proportional rule but not with the egalitarian …
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, people may behave as if they would perform a non-strategic decision making task when in fact they are playing a proper game …
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We studied the hypothesis that social value orientations are expressed automatically in behavior, as would be suggested by the social intuitionist model. We compared automatic and more deliberated decisions in the dictator game and confirmed that social values determine behavior when responses...
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