The concept of 'Homo Economicus' and Experimental Games

Is 'Homo Economicus' still alive today?

Nonfiction, Religion & Spirituality, Philosophy
Cover of the book The concept of 'Homo Economicus' and Experimental Games by Merve Gülacan, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Merve Gülacan ISBN: 9783668202832
Publisher: GRIN Verlag Publication: April 22, 2016
Imprint: GRIN Verlag Language: English
Author: Merve Gülacan
ISBN: 9783668202832
Publisher: GRIN Verlag
Publication: April 22, 2016
Imprint: GRIN Verlag
Language: English

Essay from the year 2015 in the subject Philosophy - Practical (Ethics, Aesthetics, Culture, Nature, Right, ...), grade: 2,3, University of Kassel, language: English, abstract: The findings of research in experimental behavioural economics over the past two decades have been impressively convincing. Until recently, economists assumed that individual behaviour is controlled by rationality. The consumer was perceived as a rational person who strives to maximize his utility. This is the concept of homo economicus, a prototype of an economic person and starting point for model formulation. However, this theory often overlooks the fact that homo economicus is not a person of flesh and blood, but a conceptual notion. Experimental evidence shows that the behaviour forecast by the standard model often does not correspond to reality. Factors like fairness, trust and moral values also play a role in the decision-making of the real economic actor. The knowledge gleaned from the observation of different negotiation plays provides the possibility for the derivation and representation of individual behaviour patterns. But the studies' findings reveal that feelings of fairness, generosity and trust play a crucial role for the results. The object of this work is to find an answer to the question if homo economicus is still alive or not. Therefore I will consider different experiments of the dictator game from the literature. Experimental games offer good possibilities for the representation and derivation of individual behaviour patterns. Chapter 2 presents the concept of homo economicus and describes his properties. Chapter 3 deals with experimental games, with the major focus being on the dictator game. Individual studies will be presented. The last chapter concludes.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Essay from the year 2015 in the subject Philosophy - Practical (Ethics, Aesthetics, Culture, Nature, Right, ...), grade: 2,3, University of Kassel, language: English, abstract: The findings of research in experimental behavioural economics over the past two decades have been impressively convincing. Until recently, economists assumed that individual behaviour is controlled by rationality. The consumer was perceived as a rational person who strives to maximize his utility. This is the concept of homo economicus, a prototype of an economic person and starting point for model formulation. However, this theory often overlooks the fact that homo economicus is not a person of flesh and blood, but a conceptual notion. Experimental evidence shows that the behaviour forecast by the standard model often does not correspond to reality. Factors like fairness, trust and moral values also play a role in the decision-making of the real economic actor. The knowledge gleaned from the observation of different negotiation plays provides the possibility for the derivation and representation of individual behaviour patterns. But the studies' findings reveal that feelings of fairness, generosity and trust play a crucial role for the results. The object of this work is to find an answer to the question if homo economicus is still alive or not. Therefore I will consider different experiments of the dictator game from the literature. Experimental games offer good possibilities for the representation and derivation of individual behaviour patterns. Chapter 2 presents the concept of homo economicus and describes his properties. Chapter 3 deals with experimental games, with the major focus being on the dictator game. Individual studies will be presented. The last chapter concludes.

More books from GRIN Verlag

Cover of the book Forschungsdesign in der Vergleichenden Politikwissenschaft by Merve Gülacan
Cover of the book Der 'Graf von Togo' und des Deutschen Reiches 'Musterkolonie' by Merve Gülacan
Cover of the book Zeugenaussagen: Was passiert mit der ursprünglichen Information? by Merve Gülacan
Cover of the book Vorteile und Nachteile des Schiedsgerichtsverfahrens im Vergleich zum Verfahren an ordentlichen Gerichten by Merve Gülacan
Cover of the book The English Disease. An Analysis of British Football Hooliganism by Merve Gülacan
Cover of the book Kapitalflussrechnung der Hapaq-Lloyd AG by Merve Gülacan
Cover of the book The Effects of Knowledge Sharing and Absorptive Capacity on the Organizational Performance by Merve Gülacan
Cover of the book HAMAS. The Islamic Resistance Movement and Key Issues in International Terrorism by Merve Gülacan
Cover of the book Das Joelbuch. Eine Auseinandersetzung mit der Person des Joel by Merve Gülacan
Cover of the book Interdependenzen zwischen internationalem Terrorismus und Tourismus by Merve Gülacan
Cover of the book Struktur und Erfolgsfaktoren international tätiger indischer Grßunternehmen by Merve Gülacan
Cover of the book Mythologia Americana - Willa Cather's Nebraska novels and the myth of the frontier by Merve Gülacan
Cover of the book Die Identität der 'Anderen'. Zwischen Selbst- und Fremdwahrnehmung, kultureller Differenz und konstruierter Fremdheit by Merve Gülacan
Cover of the book Sender ohne Grenzen - Kommunikation der Zukunft by Merve Gülacan
Cover of the book 1860-1914 / Europa zwischen Liberalismus und Protektion by Merve Gülacan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy