Ernst Fehr (Economist)

Ernst Fehr is a prominent Austrian economist known for his research on how human behavior affects economic decisions. He studies concepts like fairness, cooperation, and social preferences, showing that people often prioritize fairness over self-interest in economic transactions. His work bridges economics and psychology, highlighting that emotions and social norms influence decisions. Fehr has contributed significantly to understanding why markets sometimes fail and how public policies can be designed to promote cooperation and fairness among individuals and groups. His insights challenge traditional economic models that assume people always act purely out of self-interest.