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Encyclopedia > Ernst Fehr

Ernst Fehr is an Austrian economist. He is director of the Institute for Empirical Economics at the University of Zurich, Switzerland. His research covers the areas of the evolution of human cooperation and sociality, in particular fairness, reciprocity and bounded rationality. He is also well-known for his important contributions to the new field of neuroeconomics, as well as to behavioral finance and experimental economics. An economist is an individual who studies, develops, and applies theories and concepts from economics, and writes about economic policy. ... The University of Zurich (in German: Universität Zürich) is the largest university of Switzerland, in the city of Zurich. ... A speculative phylogenetic tree of all living things, based on rRNA gene data, showing the separation of the three domains, bacteria, archaea, and eukaryotes. ... Co-operation refers to the practice of people or greater entities working in common with commonly agreed-upon goals and possibly methods, instead of working separately in competition. ... Justice is a concept involving the fair and moral treatment of all persons, especially in law. ... This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Many models of human behavior in the social sciences assume that humans can be reasonably approximated or described as rational entities, especially as conceived by rational choice theory. ... Neuroeconomics combines neuroscience, economics, and psychology to study how we make choices. ... Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel winner Daniel Kahneman, was an important figure in the development of behavioral finance and economics and continues to write extensively in the field. ... Experimental Economics is the use of experimental methods to evaluate theoretical predictions of economic behaviour. ...


See also

The dictator game is a very simple game in experimental economics, similar to the ultimatum game. ... Inequity aversion is the preference for fair rewards and fairplay in Anthropology (in the sub-disciplines sociology, economics, sociobiology, psychology, Evolutionary psychology, and primate behaviourology). ... This is a list of important publications in economics, organized by field. ...

External links

  • Institute for Empirical Economics
  • Homepage of Ernst Fehr

  Results from FactBites:
 
Ernst Fehr at IDEAS (4632 words)
Ernst Fehr & Alexander Klein & Klaus Schmidt, 2004.
Ernst Fehr & Alexander Klein & Klaus Schmidt, 2001.
Josef Falkinger & Ernst Fehr & Simon Gaechter, "undated".
Inequity aversion - Wikipedia, the free encyclopedia (1763 words)
Fehr and Schmit called these the "self-centred" forms of IA, in that they are not concerned with generalized inequality, or injustice of outcomes between third parties.
Fehr and Schmidt showed that disadvantageous IA manifests itself in humans as the "willingness to sacrifice potential gain to block another individual from receiving a superior reward".
Fehr and Schmidt's IA model may partially explain the widespead opposition to Economic inequality in democracies, although a distinction should be drawn between IA's "guilt" and Egalitarianism's "compassion", which does not necessarily imply injustice.
  More results at FactBites »


 
 

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