Neuroeconomic foundations of trust and social preferences

Neuroeconomic foundations of trust and social ...
Ernst Fehr, Ernst Fehr
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Last edited by MARC Bot
December 13, 2020 | History

Neuroeconomic foundations of trust and social preferences

"This paper discusses recent neuroeconomic evidence related to other-regarding behaviors and the decision to trust in other people's other-regarding behavior. This evidence supports the view that people derive nonpecuniary utility (i) from mutual cooperation in social dilemma (SD) games and (ii) from punishing unfair behavior. Thus, mutual cooperation and the punishment of free riders in SD games is not irrational, but better understood as rational behavior of people with corresponding social preferences. We also report the results of a recent study that examines the impact of the neuropeptide Oxytocin (OT) on trusting and trustworthy behavior in a sequential SD. Animal studies have identified Oxytocin as a hormone that induces prosocial approach behavior, suggesting that it may also affect prosocial behavior in humans. Indeed, the study shows that subjects given Oxytocin exhibit much more trusting behavior, suggesting that OT has a direct impact on certain aspects of subjects' social preferences. Interestingly, however, although Oxytocin affects trusting behavior, it has no effect on subjects' trustworthiness"--Forschungsinstitut zur Zukunft der Arbeit web site.

Publish Date
Publisher
IZA
Language
English

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Book Details


Edition Notes

Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 7/25/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Published in
Bonn, Germany
Series
Discussion paper ;, no. 1641, Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;, no. 1641

Classifications

Library of Congress
HD5701

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3479042M
LCCN
2005619347

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History

Download catalog record: RDF / JSON
December 13, 2020 Edited by MARC Bot import existing book
December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page