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Can homo economicus be an altruist? A classroom experimental method

Tomasz Kopczewski () and Iana Okhrimenko

International Review of Economics Education, 2019, vol. 32, issue C, -

Abstract: The model of rational economic man (homo oeconomicus), being the central concept in economics, is not profoundly presented during basic economics classes. Thus, students can misinterpret the concept: homo oeconomicus is presumed to be rational and utterly selfish, while altruistic behaviour is treated as a deviation. Incorporating pro-social and altruistic motives to the models of rational human behaviour is a relatively new trend in academic economic literature, while undergraduate teaching programs still tend to neglect issues related to ethics, moral reasoning, or social interactions.

Keywords: Altruism; Storytelling; Homo economicus; Classroom experiment; Revealed preferences; R-CRAN (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ireced:v:32:y:2019:i:c:2

DOI: 10.1016/j.iree.2019.100167

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