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Sociality and self interest

Published online by Cambridge University Press:  22 December 2005

Vernon L. Smith
Vernon L. Smith*
Affiliation:
Departments of Economics and Law, George Mason University, Fairfax, VA 22030
*
Vsmith2@gmu.edu
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Abstract

Selfishness narrowly defined as choosing dominant outcomes independent of context is widely rejected by experimentalists. Humans live in two worlds of personal and impersonal exchange; both are manifestations of human sociality, but the emphasis on preferences rather than cultural norms of personal exchange across time too much reflects a limited economic modeling, and fails to capitalize on the fresher experimental economics message of culture and diversity.

Information

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 28 , Issue 6 , December 2005 , pp. 833 - 834
Copyright
Copyright © Cambridge University Press 2005

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