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On the importance of altruism, prosocial behavior and Christian love in behavioral economics research

Mekvabishvili, Rati - In: Economic thought 11 (2023) 1, pp. 37-53

The article discusses the concepts of altruism and prosocial behavior and their importance in interdisciplinary studies … of behavioral economics. The basic theoretical models and concepts of altruism in Behavioral Economics are reviewed …. Altruism is shown to be a hidden and complicated form of selfishness. In essence, altruism and prosociality are therefore not …

Persistent link: https://www.econbiz.de/10014287725

A systematic review on homo Islamicus : classification and critique

Sholihin, Muhammad; Sugiyanto, Catur; Susamto, Akhmad Akbar - In: Islamic economic studies 30 (2023) 2, pp. 121-142

Purpose - This paper aims to systematically review the concept of homo Islamicus discussed in the existing literature. The second objective is to offer a set of criticisms of the descriptions of homo Islamicus. Design/methodology/approach - In this paper prespecified eligibility criteria are...

Persistent link: https://www.econbiz.de/10014420282

The strategy method risks conflating confusion with a social preference for conditional cooperation in public goods games

Burton-Chellew, Maxwell N.; D'Amico, Victoire; Guérin, … - In: Games 13 (2022) 6, pp. 1-10

The strategy method is often used in public goods games to measure an individual's willingness to cooperate depending on the level of cooperation by their groupmates (conditional cooperation). However, while the strategy method is informative, it risks conflating confusion with a desire for fair...

Persistent link: https://www.econbiz.de/10014418083

Reply to Rati Mekvabishvili's "On the importance of altruism, prosocial behavior and Christian love in behavioral economics research"

Earl, Peter E. - In: Economic thought 11 (2023) 1, pp. 54-57

Persistent link: https://www.econbiz.de/10014287792

Reply to Rati Mekvabishvili's "On the importance of altruism, prosocial behavior and Christian love in behavioral economics research"

Foster, Gigi - In: Economic thought 11 (2023) 1, pp. 58-65

Persistent link: https://www.econbiz.de/10014287793

Screening teams of moral and altruistic agents

Sarkisian, Roberto - In: Games 12 (2021) 4, pp. 1-11

This paper studies the problem of screening teams of either moral or altruistic agents, in a setting where agents choose whether or not to exert effort in order to achieve a high output for the principal. I show that there exists no separating equilibrium menu of contracts that induces the...

Persistent link: https://www.econbiz.de/10012649710

Who is Homo Islamicus? : a qurʿānic perspective on the economic agent in Islamic economics

Hafas Furqani; Abdelghani Echchabi - In: ISRA international journal of islamic finance : an … 14 (2022) 2, pp. 206-220

Purpose This paper aims to explain the nature of the economic agent in Islamic economics. He is commonly referred to as Homo Islamicus. Design/methodology/approach This is done by deriving the concept from the Qurʾān as the primary epistemological source in Islamic economics. The paper, thus,...

Persistent link: https://www.econbiz.de/10013382205

Social choice using moral metrics

Halpern, Kenneth - In: Asian journal of economics and banking : AJEB 5 (2021) 3, pp. 255-271

Purpose - This paper aims to develop a geometry of moral systems. Existing social choice mechanisms predominantly employ simple structures, such as rankings. A mathematical metric among moral systems allows us to represent complex sets of views in a multidimensional geometry. Such a metric can...

Persistent link: https://www.econbiz.de/10012695188

The black box as a control for payoff-based learning in economic games

Burton-Chellew, Maxwell N.; West, Stuart A. - In: Games 13 (2022) 6, pp. 1-15

The black box method was developed as an "asocial control" to allow for payoff-based learning while eliminating social responses in repeated public goods games. Players are told they must decide how many virtual coins they want to input into a virtual black box that will provide uncertain...

Persistent link: https://www.econbiz.de/10014418156

The standard model of rational risky decision-making

Falahati, Kazem - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-22

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under … behaviour under utility theory is incompatible with scarcity of resources, making behaviour consistent with EUT irrational and …

Persistent link: https://www.econbiz.de/10012520657