Selfish or selfless? The role of empathy in economics.

@article{Kirman2010SelfishOS,
  title={Selfish or selfless? The role of empathy in economics.},
  author={Alan Kirman and Miriam Teschl},
  journal={Philosophical transactions of the Royal Society of London. Series B, Biological sciences},
  year={2010},
  volume={365 1538},
  pages={
          303-17
        }
}
Empathy is a longstanding issue in economics, especially for welfare economics, but one which has faded from the scene in recent years. However, with the rise of neuroeconomics, there is now a renewed interest in this subject. Some economists have even gone so far as to suggest that neuroscientific experiments reveal heterogeneous empathy levels across individuals. If this were the case, this would be in line with economists' usual assumption of stable and given preferences and would greatly… CONTINUE READING

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