Adam Smith’s Theory of Prudence Updated with Neuroscientific and Behavioral Evidence
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DOI: 10.1007/s12152-017-9332-9
Abstract: Other-perspective taking (OPT), distancing, time discounting as well as risk and loss aversion highly affect decision-making. Even though they influence each other, so far these cognitive processes have been unrelated or only partly related to… read more here.
Keywords: theory; prudence; adam smith; evidence ... See more keywords