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By Atle Selberg

ISBN-10: 0387506268

ISBN-13: 9780387506265

Atle Selberg is popular for his profound paintings in quantity thought and different branches of arithmetic, highlighted, might be, by way of his strong hint formulation. he's additionally recognized for the $64000 lectures and papers that he hasn't ever released. With quantity II of Selberg's gathered Papers, those unpublished works develop into broadly to be had for the 1st time. This assortment will fill a long-standing hole within the literature.

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7 And it is not only social scientists who feel this way. When we try to understand why an ordinary Iraqi citizen would wake up one morning and decide to turn himself into a living bomb, we are implicitly rationalizing his behavior. When we attempt to explain the origins of the recent financial crisis, we are effectively search­ ing for rational financial incentives that led bankers to cre­ ate and market high-risk assets. And when we blame soaring medical costs on malpractice legislation or procedure-based payments, we are instinctively invoking a model of rational action to understand why doctors do what they do.

For many years, economists seeking to understand market behavior in­ voked something like this notion of rationality— sometimes referred to as “homo economicus”— in large part because it lends itself naturally to mathematical models that are simple enough to be written down and solved. And yet, as countless examples like the ultimatum game from the previous chap­ ter show, real people care not only about their own welfare, economic or otherwise, but also the welfare of others for whom they will often make considerable sacrifices.

Bewildered and overwhelmed, most of them eventually left. N O T C O M M O N AT A LL As remarkable as it is, common sense exhibits some mysteri­ ous quirks, one of the most striking of which is how much it varies over time, and across cultures. Several years ago, for example, an enterprising group of economists and anthro­ pologists set out to test how different cultures play a par­ ticular kind of game, called an ultimatum game. The game goes something like this: First, pick two people and give one of them $100.

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Collected papers, by Atle Selberg

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