Self-Interest or Solidarity?

Self-fulfilling Crises and Country Solidarity∗

Sovereign risk premia reflect investors’ beliefs for the equilibrium and off -equilibrium actions of international agents. This paper investigates the international dimension of self-fulfilling sovereign debt crises and characterizes self-interested bailouts (solidarity) and contagion. A credible bailout guarantee by a partner country or international agency can lower a debtor country’s borrowi...

Why Politicians Like Electoral Institutions: Self-interest, Values, or Ideology?

Resolving mental illness stigma: should we seek normalcy or solidarity?

Two approaches have emerged to deal with the stigma of mental illness: normalcy, where people with mental illness are framed as 'just like everyone else'; and solidarity, where the public agrees to stand with those with mental illness regardless of their symptoms. Pros and cons of each approach are considered.

Self-centered and other-regarding behavior in the solidarity game

This paper revisits the experiment on the solidarity game by Selten and Ockenfels [Selten, R., Ockenfels, A., 1998. An experimental solidarity game. Journal of Economic Behavior and Organization 34, 517–539]. We replicate the basic design and extend it to test the robustness of the ‘fixed total sacrifice’ effect and the applied strategy method. Our results only partially confirm the validity of...

The norm of self-interest.

The self-interest motive is singularly powerful according to many of the most influential theories of human behavior and the layperson alike. In the present article the author examines the role the assumption of self-interest plays in its own confirmation. It is proposed that a norm exists in Western cultures that specifies self-interest both is and ought to be a powerful determinant of behavio...