Moral Sentiments and Material Interests: The Foundations of Cooperation in Economic Life

Moral Sentiments and Material Interests: The Foundations of Cooperation in Economic Life

by Herbert Gintis
     
 

ISBN-10: 0262572370

ISBN-13: 9780262572378

Pub. Date: 09/01/2006

Publisher: MIT Press

Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group.

Presenting an overview of research in economics,
anthropology,

…  See more details below

Overview

Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group.

Presenting an overview of research in economics,
anthropology, evolutionary and human biology, social psychology, and sociology, the book deals with both the theoretical foundations and the policy implications of this explanation for cooperation. Chapter authors in the remaining parts of the book discuss the behavioral ecology of cooperation in humans and nonhuman primates,
modeling and testing strong reciprocity in economic scenarios, and reciprocity and social policy. The evidence for strong reciprocity in the book includes experiments using the famous Ultimatum Game (in which two players must agree on how to split a certain amount of money or they both get nothing).

The MIT Press

Read More

Product Details

ISBN-13:
9780262572378
Publisher:
MIT Press
Publication date:
09/01/2006
Series:
Economic Learning and Social Evolution
Edition description:
New Edition
Pages:
416
Product dimensions:
6.00(w) x 9.00(h) x 0.95(d)
Age Range:
18 Years

Table of Contents

FINANCIAL MODELLING BEYOND BROWNIAN MOTION 1
Models in the light of empirical facts
Evidence from option markets
Implied volatility smiles and skews
Short term options
Hedging and risk management
Objectives

MATHEMATICAL TOOLS
Basic Tools
Lévy Processes: Definitions and Properties
Building Lévy processes
Multidimensional Models with Jumps

SIMULATION AND ESTIMATION
Simulating Lévy Processes
Modelling Financial Time Series with Lévy Processes

OPTION PRICING IN MODELS WITH JUMPS
Stochastic Calculus for Jump Processes
Measure Transformations for Lévy Processes
Pricing and Hedging in Incomplete Markets
Risk-Neutral Modelling with Exponential Lévy Processes
Integro-Differential Equations and Numerical Methods
Inverse Problems and Model Calibration

BEYOND LÉVY PROCESSES
Time-Inhomogeneous Models
Stochastic Volatility Models with Jumps

APPENDIX: Modfied Bessel Functions
REFERENCES
SUBJECT INDEX

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >