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The Theory of Individual Greed
Neuroscientists cannot find anywhere in the brain that corresponds to a process of maximising utility. The idea that we've got some big calculator with our brains maximising our utility is a little fantasy, he says. And so we should be starting economics from a theory of the behavior of a network community rather than an individual selfish atom. What have you seen in COVID? Share your thoughts on this week's featured news story here.