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- Rotten_kid_theorem abstract "Gary Becker's rotten kid theorem is a thought experiment in economics. It posits that family members, even if they are selfish, will act to help one another if their personal incentives are properly aligned. The theorem is one of the most famous theorems within family economics, and applied mechanism design.In his original work, Becker paints a hypothetical situation in which children will receive gifts of money income from a wealthy, altruistic parent in order to make them happy. One of the children is a selfish, "rotten", child who would take pleasure in harming his sibling. However, if he chose to actually hurt his sibling, the altruistic parent would help the victim, and curtail help to the wrongdoer. That way, the altruist would function as a means of transferring utility between the rotten kid and his sibling. In the process the parent would also bring about an incentive not to wrong the sibling in the first place, because any utility robbed of the sibling would be automatically taken away from the rotten kid.The theorem relies on multiple assumptions. First, the altruistic parent has to be wealthy enough to compensate for any wrongdoing by the rotten kid. Secondly, he has to be a pure, rational altruist, with full knowledge of the personal utility of both the rotten kid and his sibling. Thirdly, the altruist would have to be fixed in his own income. And so on.Be as it may, the theorem has proven widely influential in the economic analysis of family life, and beyond that, other regarding economic institutions in general. It has done so especially in the economical analysis of unconventional and nonmonetary economic institutions, traditionally and especially in the popular sphere regarded as being outside the ambit of the economic science. Thus today it is a standard example of the novel contribution to economic literature that the so called nonstandard economics has brought about.".
- Rotten_kid_theorem wikiPageExternalLink article?id=pde2008_R000239.
- Rotten_kid_theorem wikiPageID "3500773".
- Rotten_kid_theorem wikiPageLength "3590".
- Rotten_kid_theorem wikiPageOutDegree "16".
- Rotten_kid_theorem wikiPageRevisionID "656215416".
- Rotten_kid_theorem wikiPageWikiLink A_Treatise_on_the_Family.
- Rotten_kid_theorem wikiPageWikiLink Altruism.
- Rotten_kid_theorem wikiPageWikiLink Category:Household_behavior_and_family_economics.
- Rotten_kid_theorem wikiPageWikiLink Category:Social_psychology.
- Rotten_kid_theorem wikiPageWikiLink Economics.
- Rotten_kid_theorem wikiPageWikiLink Family_economics.
- Rotten_kid_theorem wikiPageWikiLink Game_theory.
- Rotten_kid_theorem wikiPageWikiLink Gary_Becker.
- Rotten_kid_theorem wikiPageWikiLink Journal_of_Political_Economy.
- Rotten_kid_theorem wikiPageWikiLink Marginal_utility.
- Rotten_kid_theorem wikiPageWikiLink Mechanism_design.
- Rotten_kid_theorem wikiPageWikiLink Nonstandard_economics.
- Rotten_kid_theorem wikiPageWikiLink Thought_experiment.
- Rotten_kid_theorem wikiPageWikiLink Utilitarianism.
- Rotten_kid_theorem wikiPageWikiLink Utility.
- Rotten_kid_theorem wikiPageWikiLinkText "Rotten kid theorem".
- Rotten_kid_theorem wikiPageWikiLinkText "rotten kid theorem".
- Rotten_kid_theorem hasPhotoCollection Rotten_kid_theorem.
- Rotten_kid_theorem wikiPageUsesTemplate Template:Cite_book.
- Rotten_kid_theorem wikiPageUsesTemplate Template:Cite_journal.
- Rotten_kid_theorem wikiPageUsesTemplate Template:More_footnotes.
- Rotten_kid_theorem subject Category:Household_behavior_and_family_economics.
- Rotten_kid_theorem subject Category:Social_psychology.
- Rotten_kid_theorem hypernym Experiment.
- Rotten_kid_theorem type Article.
- Rotten_kid_theorem type Organisation.
- Rotten_kid_theorem type Article.
- Rotten_kid_theorem type Microeconomic.
- Rotten_kid_theorem type Science.
- Rotten_kid_theorem comment "Gary Becker's rotten kid theorem is a thought experiment in economics. It posits that family members, even if they are selfish, will act to help one another if their personal incentives are properly aligned. The theorem is one of the most famous theorems within family economics, and applied mechanism design.In his original work, Becker paints a hypothetical situation in which children will receive gifts of money income from a wealthy, altruistic parent in order to make them happy.".
- Rotten_kid_theorem label "Rotten kid theorem".
- Rotten_kid_theorem sameAs نظرية_الطفل_الفاسد.
- Rotten_kid_theorem sameAs Rotten-Kid-Theorem.
- Rotten_kid_theorem sameAs Thxc3xa9orxc3xa8me_de_lenfant_gxc3xa2txc3xa9.
- Rotten_kid_theorem sameAs m.09gy31.
- Rotten_kid_theorem sameAs Q162756.
- Rotten_kid_theorem sameAs Q162756.
- Rotten_kid_theorem sameAs 不肖子定理.
- Rotten_kid_theorem wasDerivedFrom Rotten_kid_theorem?oldid=656215416.
- Rotten_kid_theorem isPrimaryTopicOf Rotten_kid_theorem.