Why Homo Economicus help each other?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00077687" target="_blank" >RIV/00216224:14560/14:00077687 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Why Homo Economicus help each other?
Original language description
Students of economics are commonly ?drummed into head? that people do not care about others. Our subjects are ?Homo Economicus? and they only care about maximization of own utility no matter of what impact it has on others. Yet in our daily, we can observe many examples that go against this assumption. People contribute to charities, donate blood and sometimes they even sacrifice theirs life to help others. This clearly contradicts assumption of rationality- but is this behavior irrational? This reviewstudy aims to briefly map development of economic thinking about rationality in a relation to social decision making. It begins with neoclassical ?rational man? and its origins. It goes further by introducing behavioral economics and its theories of social preferences -which claim that helping others may in fact lead to maximization of one?s own utility. On examples of selected studies it shows its strengths and weaknesses.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
New Economic Challenges: 5th International PhD Student Conference
ISBN
9788021071407
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
109-120
Publisher name
Masarykova univerzita
Place of publication
Brno
Event location
Brno
Event date
May 29, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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