Ernst Fehr (the economist)

Ernst Fehr is an Austrian economist known for studying how human behavior influences economic decisions. His research focuses on concepts like fairness, altruism, and trust—showing that people are often motivated by more than just profit or self-interest. Fehr's work combines economics and psychology to better understand how social preferences shape market outcomes and cooperation. His insights challenge traditional economic models that assume people always act purely in their financial self-interest, highlighting the importance of social norms and fairness in economic interactions.