Nowadays Social Behavioral Economic Cases Research

My view draws heavily on experimental economics, such as the "Ultimatum Game," to explain societal cohesion. Classical economics predicts that people will accept any non-zero offer in a trade; however, behavioral data shows that people often reject "unfair" offers even at a personal cost. My view uses this to define society as a moral entity governed by "Inequity Aversion." My view argues that a society’s economic health is tied to its perceived fairness. If the gap between the "rational" distribution of wealth and the "psychologically acceptable" distribution becomes too wide, the behavioral response is social unrest, which my views as a corrective (though often destructive) economic force.