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Erik Kimbrough — What Influences Our Choices?

The Curious Task

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The Role of Human Interactions in Behavior Science

The typical model is that people are maximizing consumption utility or maximizing their own payoffs. But when it gets to these small-scale social interactions, it seems that that model starts to break down. And I don't think most economists were ever like deeply philosophically committed to the idea that people are just selfish payoff maximizers. It's not that that model is bad. There's all sorts of things that can be explained if you just think about people in that way.

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