alturism and perceptions of fairness

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define alturism

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kindness or selflessness where nothing is expected back in return

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give an example of alturism

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charity

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4 Terms

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define alturism

kindness or selflessness where nothing is expected back in return

2
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give an example of alturism

charity

3
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what does traditional economics say about alturism

consumers do charity in order to maximise their utility

4
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what does behavioural economics say about altruism

consumers dont always want to maximise their utility or be rational - they have morals and feelings that influence their decisions and thats why they do charity