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VIDEO: Some People Will Forgo Economic Benefit If Deal Seems Unfair
RALEIGH — In the aftermath of Hurricane Fran in 1996, some people clapped as police hauled away sellers with $8 bags of ice. University of Arizona philosophy professor Jerry Gaus credits the clapping to what he labels the "reactive emotions view." Gaus explained Monday for the John Locke Foundation's Shaftesbury Society how reactive emotions can cause some people to make decisions that seem to contradict their own economic self-interest.