Altruism

Altruism is a selfless concern for the welfare of others. It is the act of putting the needs and interests of others before our own without expecting anything in return. Altruistic individuals are motivated by a genuine desire to help others, and they do so without regard for personal gain or recognition. Altruism can be expressed in many ways, such as volunteering, donating to charity, or simply showing kindness and compassion towards others. It is essential to social life, promoting cooperation, empathy, and trust among individuals and communities.

Risk-Sharing and the Corona Pandemic

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / November 15, 2021 / Behavioral Economics, Economics of Pandemics, Global Crises, Globalization, Health Economics, Health risks

Risk-Sharing and the Corona Pandemic Read Post »

How can risk-sharing help resolve the Corona Pandemic? Corona Pandemic is a global health risk that all economies face together. However, the more each country seeks to solve the COVID19 crisis independently, the more all countries seem to lose control of the situation at society’s global, national, and local levels. The Corona Pandemic is a Global Health Shock The Corona Pandemic is a global health shock with a globally differentiated local impact that hit every corner of this earth. We can describe the impact of COVID-19 as an asymmetric shock on households, firms, and sectors within and across the world.

Altruism, Behavioral Economics, Corona Pandemic, Coronavirus, COVID-19, Globalization, Health Economics, Hiarchie, Network, reciprocal behavior, reciprocity, Risk, Risk Coordination, Risk Management, Risk Sharing, Self-Interest

Altruism

Self-interest, Altruism, Egoism, Reciprocity, and Risk-Sharing in Digital Social Networks

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Risk-Sharing and the Corona Pandemic

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