Werner Güth (Max Planck Institute of Economics, Jena, Germany) Hartmut Kliemt (Frankfurt School of Finance & Management, Frankfurt am Main, Germany) M. Vittoria Levatia () (Dipartimento di Scienze Economiche e Metodi Matematici, University of Bari, Italy)
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Human decision making is a process guided by different and partly competing motivations that can each dominate behavior and lead to different effects depending on strength and circumstances. "Over-stylizing" neglects such competing concerns and context-dependence, although it facilitates the emergence of elaborate general theories. We illustrate by examples from social dilemma experiments and inequality aversion theories that sweeping empirical claims should be avoided.
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Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek in its series Jena Economic Research Papers in Economics with number
2008-092.
Find related papers by JEL classification: A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
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