Leda Cosmides; John Tooby The American Economic Review, Vol. 84, No. 2, Papers and Proceedings of the Hundred and SixthAnnual Meeting of the American Economic Association (May, 1994), 327-332.
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Better than Rational: Evolutionary Psychology and the Invisible Hand
Several years ago, we attended an interdisciplinary seminar on whatwere purported to be "biases" in negotiation behavior. The economists, psychologists, and biologists present were mulling over the data when, suddenly, a prominent economist lit up. "Ah, I see,'" hesaid, "behavior is either rational or it's psychological." This formulation stuck in our minds, because it seemed to succinctly give voice to a tacit assumption held by many economists -one that we...