The importance of altruism and perceptions of fairness.

• Altruism is when economic agents help others at their own expense and believe in fairness in society
• What is altruism?

  When economic agents help others at their own expense and believe in fairness in society
• Due to altruism people will give to others in order to feel good about themselves. Thus there is an element of self interest.
• What happens due to altruism?

  people will give to others in order to feel good about themselves, thus there is an element of self interest