A clever decision experiment suggests that most people care about fairness towards those who’ll follow after us, but shows that depending on what institutions are in place, most people may not be enough. Read More
A self-interested human nature is said to necessitate a private enterprise-based market economy with high levels of income inequality. But our society could hardly function if we were entirely selfish, and the new experimental and behavioral economics of social interaction provides plenty of evidence that we’re not. What does it all mean for the possibility of improving our society? For that of eliminating extreme poverty and violence elsewhere? This blog reports the new experimental results and addresses their larger implications.