| Topic: |
Religions > Atheism |
| User: |
"maff" |
| Date: |
23 Jun 2005 07:52:07 PM |
| Object: |
Homo economicus |
Monkey business-sense
http://www.economist.com/science/displayStory.cfm?story_id=4102350
Jun 23rd 2005
From The Economist print edition
Monkeys show the same "irrational" aversion to risks as humans
ECONOMISTS often like to speak of Homo economicus-rational economic
man. In practice, human economic behaviour is not quite as rational as
the relentless logic of theoretical economics suggests it ought to be.
When buying things in a straight exchange of money for goods, people
often respond to changes in price in exactly the way that theoretical
economics predicts. But when faced with an exchange whose outcome is
predictable only on average, most people prefer to avoid the risk of
making a loss than to take the chance of making a gain in circumstances
when the average expected outcome of the two actions would be the same.
Homo economicus
http://news.google.com/news?q=%22Homo%20economicus%22&num=100&hl=en&lr=&safe=off&sa=N&tab=gn
http://www.google.com/search?q=%22Homo+economicus%22&num=100&hl=en&lr=&tab=nw&ie=UTF-8&sa=N
http://www.google.com/search?q=%22Homo+economicus%22&btnG=Search+Directory&hl=en&cat=gwd%2FTop
http://groups-beta.google.com/groups?q=%22Homo%20economicus%22&num=100&hl=en&lr=&safe=off&sa=N&scoring=d&tab=wg
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