The Neuroeconomics of Mind Reading and Empathy
Author(s) / Creator(s)
Singer, Tania
Fehr, Ernst
Abstract / Description
The most fundamental solution concepts in Game Theory — Nash equilibrium, backward induction, and iterated elimination of dominated strategies - are based on the assumption that people are capable of predicting others' actions. These concepts require people to be able to view the game from the other players' perspectives, i.e. to understand others' motives and beliefs. Economists still know little about what enables people to put themselves into others' shoes and how this ability interacts with their own preferences and beliefs. Social
neuroscience provides insights into the neural mechanism underlying our capacity to represent others' intentions, beliefs, and desires, referred to as 'Theory of Mind' or 'mentalizing', and the capacity to share the feelings of others, referred to as 'empathy'. We summarize the major findings about the neural basis of mentalizing and empathizing and discuss some implications for economics.
Keyword(s)
Einfühlung Neurowissenschaft Gedächtnislesen neuroeconomics mind reading empathyPersistent Identifier
Date of first publication
2005
Is part of series
Forschungsinstitut zur Zukunft der Arbeit/ Institute for the Study of Labor: IZA Discussion Paper Series;1647
Citation
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dp1647.pdfAdobe PDF - 165.27KBMD5: cceb51e5a09573669efaa04ef7296fb1
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There are no other versions of this object.
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Author(s) / Creator(s)Singer, Tania
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Author(s) / Creator(s)Fehr, Ernst
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PsychArchives acquisition timestamp2022-11-17T11:02:22Z
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Made available on2008-06-30
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Made available on2015-12-01T10:32:16Z
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Made available on2022-11-17T11:02:22Z
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Date of first publication2005
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Abstract / DescriptionThe most fundamental solution concepts in Game Theory — Nash equilibrium, backward induction, and iterated elimination of dominated strategies - are based on the assumption that people are capable of predicting others' actions. These concepts require people to be able to view the game from the other players' perspectives, i.e. to understand others' motives and beliefs. Economists still know little about what enables people to put themselves into others' shoes and how this ability interacts with their own preferences and beliefs. Social neuroscience provides insights into the neural mechanism underlying our capacity to represent others' intentions, beliefs, and desires, referred to as 'Theory of Mind' or 'mentalizing', and the capacity to share the feelings of others, referred to as 'empathy'. We summarize the major findings about the neural basis of mentalizing and empathizing and discuss some implications for economics.en
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Persistent Identifierhttps://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:bsz:291-psydok-16664
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Persistent Identifierhttps://hdl.handle.net/20.500.11780/1148
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Persistent Identifierhttps://doi.org/10.23668/psycharchives.8937
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Language of contenteng
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Is part ofIZA Discussion Paper Series No. 1647
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Is part of seriesForschungsinstitut zur Zukunft der Arbeit/ Institute for the Study of Labor: IZA Discussion Paper Series;1647
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Keyword(s)Einfühlungde
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Keyword(s)Neurowissenschaftde
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Keyword(s)Gedächtnislesende
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Keyword(s)neuroeconomicsen
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Keyword(s)mind readingen
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Keyword(s)empathyen
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Dewey Decimal Classification number(s)150
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TitleThe Neuroeconomics of Mind Reading and Empathyen
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DRO typereport
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Visible tag(s)PsyDok