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Advantageous and disadvantageous inequality aversion can be taught through vicarious learning of others' preferences
In the Ultimatum Game, a classic test bed for fairness norm enforcement, individuals rarely reject (punish) such unequal proposed divisions of resources because doing so entails a sacrifice of one's own benefit.
Over-representation of Extreme Events in Decision-Making: A Rational Metacognitive Account
The Availability bias, manifested in the over-representation of extreme eventualities in decision-making, is a well-known cognitive bias, and is generally taken as evidence of human irrationality.
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