search query: @author Gintis, H. / total: 4
reference: 3 / 4
| Author: | Gintis, H. |
| Title: | Beyond Homo economicus: evidence from experimental economics |
| Journal: | Ecological Economics
2000 : DEC, VOL. 35:3, p. 311-322 |
| Index terms: | ECONOMIC THEORY UTILITY THEORY ENVIRONMENT |
| Language: | eng |
| Abstract: | Environmental policies are generally based on a model of the human actor taken from neoclassical economic theory. This paper reports on laboratory experiments suggesting weaknesses in this model and describes alternative models correcting these weaknesses. One finding is that economic actors tend to be hyperbolic as opposed to exponential discounters who discount the immediate future at a higher rate than the more distant future. |
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