A5024087833- Experimental Behavioral Economics Studies
- Decision-Making and Behavioral Economics
- Game Theory and Applications
- Neural and Behavioral Psychology Studies
- Psychology of Moral and Emotional Judgment
- Culture, Economy, and Development Studies
- Economic theories and models
- Economic and Environmental Valuation
- Financial Markets and Investment Strategies
- Evolutionary Game Theory and Cooperation
- Auction Theory and Applications
- Sports Analytics and Performance
- Law, Economics, and Judicial Systems
- Behavioral Health and Interventions
- Complex Systems and Time Series Analysis
- Meta-analysis and systematic reviews
- Housing Market and Economics
- Economic Theory and Institutions
- Consumer Market Behavior and Pricing
- Economic Policies and Impacts
- Forecasting Techniques and Applications
- Functional Brain Connectivity Studies
- Mental Health Research Topics
- Neural dynamics and brain function
- Evolutionary Psychology and Human Behavior
California Institute of Technology
2016-2025
Ludwig-Maximilians-Universität München
2019-2024
Université Mohammed VI Polytechnique
2020-2024
Ghent University
2020-2024
Texas A&M University
2020-2024
National Bureau of Economic Research
2012-2023
Columbia University
2017-2023
International Paper (United States)
2023
University of Bologna
2023
Princeton University
2008-2023
The article discusses trust theory, multidisciplinary research, and between organizations. analysis of is based on four questions: whether scholars can agree the meaning trust; if researchers are viewing statistically; status trust--cause, effect, or interaction--changes across disciplines; levels also change. "bandwidth" trust--where distrust differentiated--can vary over time in same relationship coexist at time. Bandwidth types deterrence-based trust, calculus-based relational...
Psychological studies show that most people are overconfident about their own relative abilities, and unreasonably optimistic futures (e.g. Shelly E. Taylor J.D. Brown, 1988; Neil D. Weinstein, 1980). When assessing position in a distribution of peers on almost any positive trait-- like driving ability (Ola Svenson, 1981 ), income prospects, or longevity-- vast majority say they above the average, although course, only half can be (if trait is symmetrically distributed). This paper explores...
Neuroeconomics uses knowledge about brain mechanisms to inform economic analysis, and roots economics in biology. It opens up the “black box” of brain, much as organizational adds detail theory firm. Neuroscientists use many tools— including imaging, behavior patients with localized lesions, animal behavior, recording single neuron activity. The key insight for is that composed multiple systems which interact. Controlled (“executive function”) interrupt automatic ones. Emotions cognition...
Researchers from across the social sciences have found consistent deviations predictions of canonical model self-interest in hundreds experiments around world. This research, however, cannot determine whether uniformity results universal patterns human behavior or limited cultural variation available among university students used virtually all prior experimental work. To address this, we undertook a cross-cultural study ultimatum, public goods, and dictator games range small-scale societies...
Every day, individuals make dozens of choices between an alternative with higher overall value and a more tempting but ultimately inferior option. Optimal decision-making requires self-control. We propose two hypotheses about the neurobiology self-control: (i) Goal-directed decisions have their basis in common signal encoded ventromedial prefrontal cortex (vmPFC), (ii) exercising self-control involves modulation this by dorsolateral (DLPFC). used functional magnetic resonance imaging to...
Journal Article A Cognitive Hierarchy Model of Games Get access Colin F. Camerer, Camerer California Institute Technology Search for other works by this author on: Oxford Academic Google Scholar Teck-Hua Ho, Ho Haas School Business, University California, Berkeley Juin-Kuan Chong Sungkyunkwan and National Singapore The Quarterly Economics, Volume 119, Issue 3, August 2004, Pages 861–898, https://doi.org/10.1162/0033553041502225 Published: 01 2004
In 'experience-weighted attraction' (EWA) learning, strategies have attractions that reflect initial predispositions, are updated based on payoff experience, and determine choice probabilities according to some rule (e.g., logit). A key feature is a parameter δ weights the strength of hypothetical reinforcement were not chosen they would yielded, relative received payoffs. The other features two discount rates, φ ρ, which separately previous attractions, an experience weight. EWA includes...
Abstract This book is the result of a collaborative effort by eleven anthropologists and six economists, questions motives that underlie ways humans interact socially, whether these are same for all societies, part our nature, or influenced environments. Over past decade, research in experimental economics has emphatically falsified textbook representation Homo economicus, with hundreds experiments have suggested people care not only about their own material payoffs but also such things as...
The recent research on ultimatum and dictator games is reviewed. New experiments reveal that the game quite robust to changes in stakes nationality of players but are sensitive many design features. Information important. Responders will reject offers only if they known be proportionally stingy chosen by proposer (rather than picked at random). Much observed behavior can successfully modeled using Matthew Rabin's (1993) notion a fairness equilibrium, which incorporates manners into...
Using a multiround version of an economic exchange (trust game), we report that reciprocity expressed by one player strongly predicts future trust their partner-a behavioral finding mirrored neural responses in the dorsal striatum. Here, analyses within and between brains revealed two signals-one encoded response magnitude, other timing. Response magnitude correlated with "intention to trust" on next play game, peak these shifted its time occurrence 14 seconds as reputations developed. This...
Another social science looks at itself Experimental economists have joined the reproducibility discussion by replicating selected published experiments from two top-tier journals in economics. Camerer et al. found that two-thirds of 18 studies examined yielded replicable estimates effect size and direction. This proportion is somewhat lower than unaffiliated experts were willing to bet an associated prediction market, but roughly line with expectations sample sizes P values. Science , this...
Life-cycle models of labor supply predict a positive relationship between hours supplied and transitory changes in wages. We tested this prediction using three samples wages New York City cabdrivers, whose are correlated within days but uncorrelated days. Estimated wage elasticities significantly negative two out samples. Elasticities inexperienced drivers average approximately −1 less than zero all (and for experienced samples). Our interpretation these findings is that cabdrivers (at least...
Regulation by the state can take a variety of forms. Some regulations are aimed entirely at redistribution, such as when we tax rich and give to poor. Other seek counteract externalities restricting behavior in way that imposes harm on an individual basis but yields net societal benefits. A good example is taxation fund public goods roads. In situations, would be better off if she alone were exempt from tax; benefits everyone (including herself) must pay tax.
American Publishers Award for Professional & Scholarly Excellence (PROSE) Winner-Award in Social Sciences (2009) Neuroeconomics is a new highly promising approach to understanding the neurobiology of decision making and how it affects cognitive social interactions between humans societies/economies. This book first edited reference examine science behind neuroeconomics, including influences human behavior societal from behavioral economics point view. Presenting truly interdisciplinary...