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Thursday, March 19, 2009

AIG Bonuses

People being irrational despite economists' urges to make us greedy robots. Isn't our human side exactly what we're supposed to be fostering while the economically prototyical human entity of 300,000,000+ game-theory-oriented americans is what got us into this mess? New Yorker Article using Evolutionary Psychology to explain why we wouldn't want AIG to give bonuses even if that caused us some harm: Altruistic Punishment.
(Not the best article, but an interesting perspective on an over-reported current event)

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