Dan Ariely, a behavioral economist, believes that investors need to feel they have punished the powerful Wall Street scam artists who have over-leverage and under-regulated fleeced the public, even at our own financial expense. (Recall the ultimatum game — if someone with $100 offers you $2, you turn it down as an insult, even though [...]
Behavioral economist: Market sez, “We want blood”. Is solution Gacaca?
October 11th, 2008 · 2 Comments
Tags: Altruism/moral behavior · Analytical methods · Behavior · Corruption · Lying and cheating · Machiavellianism · Neuro Editorial · Neuropolitics · Punishment

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