Work

Why do people believe in a zero-sum economy?

Year: 2018
Type: article
Abstract: Zero-sum thinking and aversion to trade pervade our society, yet fly in the face of everyday experience and the consensus of economists. Boyer & Petersen's (B&P's) evolutionary model invokes coalitional psychology to explain these puzzling intuitions. I raise several empirical challenges to this explanation, proposing two alternative mechanisms - intuitive mercantilism (assigning value to money rather than goods) and errors in perspective-taking.
Institution: University of Bath
Language: English
Open Access status: green
OpenAlex ID: W2887440102
FWCI: 1.041
Cites: 5
Cited by: 8
Related to: 10