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Why do people believe in a zero-sum economy?
1Division of Marketing,Business, and Society,University of Bath School of Management,Bath BA2 7AY,United Kingdom.sgbjohnson@gmail.comhttp://www.sgbjohnson.com/.
The Behavioral and Brain Sciences
|May 9, 2019
Summary
Zero-sum thinking, common in society, contradicts economic consensus. This study challenges Boyer & Petersen
Area of Science:
- Cognitive Science
- Behavioral Economics
- Evolutionary Psychology
Background:
- Societal zero-sum thinking and aversion to trade are prevalent despite contradicting economic principles.
- Boyer & Petersen's evolutionary model attributes these intuitions to coalitional psychology.
Purpose of the Study:
- To empirically challenge Boyer & Petersen's coalitional psychology explanation for zero-sum thinking.
- To propose and explore alternative mechanisms driving these economic intuitions.
Main Methods:
- Empirical investigation of cognitive biases related to economic decision-making.
- Analysis of intuitive mercantilism and perspective-taking errors as alternative explanations.
Main Results:
- Evidence suggests limitations in the coalitional psychology model.
- Findings support intuitive mercantilism and perspective-taking errors as significant factors.
Conclusions:
- The evolutionary model's explanation for zero-sum thinking requires revision.
- Intuitive mercantilism and perspective-taking errors offer more robust explanations for economic intuitions.
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