Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/the-role-of-reference-points-in-achieving-equilibrium-efficiency-in-fair-and-socially-just-economies.
This article explores how a simple change in the reference point can achieve a Pareto-efficient equilibrium in both free and fair economies
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This article explores how a simple change in the reference point can achieve a Pareto-efficient equilibrium in both free and fair economies and those with social justice.