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Schilizzi, Steven. |
Ethics and economics have long been viewed, if not as being incompatible, at least as being at odds with each other. This has often translated in the field of environmental policy and management into radical opposition between supporters of economic performance and environmentalists. It has seemed that the ethics of economics and that of environmental preservation were themselves at odds. The discussion has opposed utilitarian and duty-based philosophies. Ultimately, the firm manager, especially when under financial pressure, must decide between keeping the firm in business and doing the right thing for the environment. This view of things is now itself at odds with reality. One needs to explain why an increasing number of firms, both big and small, are... |
Tipo: Presentation |
Palavras-chave: Environmental Economics and Policy; Institutional and Behavioral Economics; Z10; A12; L20; M20; Q29. |
Ano: 2000 |
URL: http://purl.umn.edu/123729 |
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Butler, Jeffrey; Giuliano, Paola; Guiso, Luigi. |
We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs. Heterogeneity of trust beliefs in the population, coupled with the tendency of individuals to extrapolate beliefs about others from their own levels of trustworthiness, could generate this non-monotonic relationship: highly trustworthy individuals tend to form overly optimistic beliefs, to assume too much social risk and to be cheated more often, ultimately performing less well than those with a belief close to the mean trustworthiness of the population. On the other hand, less trustworthy individuals form overly pessimistic beliefs and avoid being cheated, but give up... |
Tipo: Working or Discussion Paper |
Palavras-chave: Trust; Trustworthiness; Economic Performance; Culture; False Consensus; Labor and Human Capital; A1; A12; D1; O15; Z1. |
Ano: 2010 |
URL: http://purl.umn.edu/90947 |
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