The trolley problem is a moral dilemmas in which human lives are in danger and some, but not all, can be saved by direct intervention of a decision-maker. This article discusses three weaknesses of microeconomics with respect to individual conduct in the trolley problem: (i) it cannot make...

The trolley problem is a moral dilemmas in which human lives are in danger and some, but not all, can be saved by direct intervention of a decision-maker. This article discusses three weaknesses of microeconomics with respect to individual conduct in the trolley problem: (i) it cannot make...

We introduce a novel beauty contest experiment to study the gap between individual preferences and beliefs about collective preferences of physical attractiveness. In the first round, participants vote their 3 favorite ladies in the second round they vote the 3 ladies they believe were the most...

We introduce a novel beauty contest experiment to study the gap between individual preferences and beliefs about collective preferences of physical attractiveness. In the first round, participants vote their 3 favorite ladies in the second round they vote the 3 ladies they believe were the most...