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‘Networked minds’ require fundamentally new kind of economics

March 20, 2013 by

In their computer simulations of human evolution, scientists have discovered the emergence of the “homo socialis” with “other-regarding” preferences. The results explain some intriguing findings in experimental economics and call for a new economic theory of “networked minds”. On average, people behave more fairness-oriented and other-regarding than expected. A new theory now explains why.

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