Asked by Rebekah Hilton on May 17, 2024
Verified
Behavioral economists avoid dealing with fairness concerns because the concept is too subjective.
Behavioral Economists
Behavioral economists study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Fairness Concerns
Issues related to the equitable and just treatment of individuals within society, often referring to economic inequality and access to resources.
- Comprehend the significance of justice and generosity in economic practices, as exemplified by the dictator and ultimatum games.
Verified Answer
SH
Stevie HollandMay 22, 2024
Final Answer :
False
Explanation :
Behavioral economists often deal with fairness concerns, but they use experimental methods to try to make the concept of fairness more objective and measurable.
Learning Objectives
- Comprehend the significance of justice and generosity in economic practices, as exemplified by the dictator and ultimatum games.
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