Chapter 7: The Invisible Hand and the Blind Watchmaker

Altruistically Inclined, pp. 295-336, 2001

34 Pages Posted: 25 Mar 2008

See all articles by Alexander J. Field

Alexander J. Field

Santa Clara University - Leavey School of Business - Economics Department

Abstract

The heuristics and bias program has generated a body of striking experimental results that all serious students of human behavior need to address. It has increased our receptivity to what can be learned from experimental methods. And it has introduced into our vocabulary the important concept of framing: the idea that people may reason about and respond differently to the same formal problem presented in different contexts. The research generated and language employed by this program are very much consonant with the postulate of cognitive modularity developed in chapter 5.

Keywords: Altruism, Game Theory, Behavioral Economics, Evolutionary Theory

JEL Classification: B41, C71, D64

Suggested Citation

Field, Alexander J., Chapter 7: The Invisible Hand and the Blind Watchmaker. Altruistically Inclined, pp. 295-336, 2001, Available at SSRN: https://ssrn.com/abstract=1112343

Alexander J. Field (Contact Author)

Santa Clara University - Leavey School of Business - Economics Department ( email )

500 El Camino Real
Santa Clara, CA California 95053
United States
408 554 4348 (Phone)
408 554 2331 (Fax)

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