Psychology of Economic Decision-Making
Distributive justice refers to the perceived fairness of the distribution of resources, wealth, and opportunities within a society. It encompasses principles that dictate how benefits and burdens should be allocated among individuals and groups, often influenced by social, economic, and ethical considerations. Understanding distributive justice is essential in examining human behavior in economic interactions, as it relates closely to notions of reciprocity and fairness, as well as the design of choice architecture that nudges individuals toward equitable decisions.
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