Abstract
Economics is shifting away from general equilibrium theory and towards a ‘vision of complexity’. We observe this in the increased interest in an empirically based understanding of how economies work (see Brock and Colander, 2000; Bowles, 2004; Gowdy, 2004). We see it in the changed understanding of human choice following the large number of behavioural experiments published over the last 20–30 years (see Tversky and Kahneman, 1986; Bowles, 1998; Fehr and Gächter, 2000; Gintis et al., 2005).
Keywords
Intrinsic Motivation Contingent Valuation Cooperative Behaviour Social Dilemma Ultimatum Game
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