Tutorial # 4 Why Be Moral? The Homo Economicus

When Does Economic Man dominate Social Behavior? Camerer C, Fehr E. Science 311 47-52 (2006)

This paper elaborates on the neoclassical economic concept of "Homo Economicus".
An "Economic Man" is perfectly rational in an instrumental sense, and is self-interest: He deploys his best endeavors upon accessibe information an capacity of reasoning, so as to maximise individual advantage. However, in the real world there seem to be very few economic men...