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neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction … and self-interest vs. altruism. …
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neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction … and self-interest vs. altruism. …
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Alger and Weibull (2013) ask the question whether a combination of assortative matching and incomplete information leads to the evolution of moral or altruistic preferences. Their central result states that Homo Hamiltonenis - a type that has moral preferences with a morality parameter equal to...
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