Commentary / World Aug 6, 2013
Homo economicus might be an idiot
Surprisingly, in social simulations, the species that helped others to gain resources and reproduce ended up doing better than those who acted out of pure self-interest.
Surprisingly, in social simulations, the species that helped others to gain resources and reproduce ended up doing better than those who acted out of pure self-interest.
A study that mimicked the behavior of 2 million potential homeowners makes plausible assumptions about how the U.S. subprime crisis got started.