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Rationality And Personality In A Restaurant Entry Game: Is There An Entrepreneurial Personality Type?, Ted Bergstrom, Jon Sonstelie
Rationality And Personality In A Restaurant Entry Game: Is There An Entrepreneurial Personality Type?, Ted Bergstrom, Jon Sonstelie
Ted C Bergstrom
Students in a large principles class participated in a market experiment in which they had opportunities to take entrepreneurial action. These students had also taken the Meyers-Briggs personality test. We explore the relation between personality characteristics and participation decisions.
Natural Kantian Or Zoo Economicus? Evolutionary Theories Of Selfishness And Altruism Among Men And Beasts, Ted C. Bergstrom
Natural Kantian Or Zoo Economicus? Evolutionary Theories Of Selfishness And Altruism Among Men And Beasts, Ted C. Bergstrom
Ted C Bergstrom
This paper addresses the question of whether our evolutionary history suggests that humans are likely to be individually selected selfish maximizers or group selected altruists. It surveys models from the literature of evolutionary biology in which groups are formed and dissolved and where the reproductive success of individuals is determined by their payoffs in a game played within groups. We show that if groups are formed randomly and reproductive success of group founders is determined by a multi-person prisoners’ dilemma game, then selfish behavior will prevail over maximization of group payoffs. However, interesting models can be found for which “group …
Benefit-Cost In A Benevolent Society, Ted Bergstrom
Benefit-Cost In A Benevolent Society, Ted Bergstrom
Ted C Bergstrom
How should benefit-cost analysis account for the value that benevolent individuals place on other people's pleasure from public goods? When adding up the benefits to be compared with costs, should we sum the private valuations, the altruistic valuations, or something else? This paper proposes a partial answer and offers some suggestions for benefit-cost practitioners.