Posts Tagged ‘experimental economics’
July 30th, 2010 at 6:34 pm
What Does It Mean to be ‘Fair’?

If you’ve got less than 9 minutes to spare for the best YouTube video you’ll see this week, check out the newest contribution at  Chapman University experimental economist Bart Wilson describes in fascinating detail how the concept of “fairness” has changed over time.  Per Reason’s description:

When lawmakers obscure the definition of this word, it may result in policy that is ineffective, arbitrary, and fundamentally unfair.