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In Search of Homo Economicus: Behavioral Experiments in 15 Small- Scale Societies
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This article is published in Research Papers in Economics.The article was published on 2003-05-07 and is currently open access. It has received 1809 citations till now. The article focuses on the topics: Scale (ratio) & Homo economicus.read more
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The neural basis of economic decision-making in the Ultimatum Game.
Alan G. Sanfey,James K. Rilling,Jessica A. Aronson,Leigh E. Nystrom,Jonathan D. Cohen,Jonathan D. Cohen +5 more
TL;DR: Functional magnetic resonance imaging of Ultimatum Game players was used to investigate neural substrates of cognitive and emotional processes involved in economic decision-making and significantly heightened activity in anterior insula for rejected unfair offers suggests an important role for emotions in decision- making.
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The nature of human altruism
Ernst Fehr,Urs Fischbacher +1 more
TL;DR: Current gene-based evolutionary theories cannot explain important patterns of human altruism, pointing towards the importance of both theories of cultural evolution as well as gene–culture co-evolution.
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Evolutionary games on graphs
György Szabó,Gábor Fáth +1 more
TL;DR: The major theme of the review is in what sense and how the graph structure of interactions can modify and enrich the picture of long term behavioral patterns emerging in evolutionary games.
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The Dishonesty of Honest People: A Theory of Self-Concept Maintenance
Nina Mazar,On Amir,Dan Ariely +2 more
TL;DR: The authors investigate how external and internal rewards work in concert to produce (dis)honesty and suggest that dishonesty governed by self-concept maintenance is likely to be prevalent in the economy, and understand it has important implications for designing effective methods to curb dishonesty.
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Institutions and the path to the modern economy
TL;DR: In this article, the authors present a multi-disciplinary perspective to study endogenous institutions and their dynamics, including the influence of the past, the ability of institutions to change, and the difficulty to study them empirically and devise a policy aimed at altering them.
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Social Capital and Community Governance
Samuel Bowles,Herbert Gintis +1 more
TL;DR: The authors argue that community governance addresses some common market and state failures but typically relies on insider-outsider distinctions that may be morally repugnant and economically costly, and the individual motivations supporting community governance are not captured by either selfishness or altruism.
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Bargaining and Market Behavior in Jerusalem, Ljubljana, Pittsburgh, and Tokyo: An Experimental Study
TL;DR: In an experiment comparing two-person bargaining and multiperson markets in Israel, Japan, United States, and Yugoslavia, market outcomes converged to equilibrium everywhere, with no payoff-relevant differences between countries.
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Reward and punishment
TL;DR: The analysis suggests that reputation is essential for fostering social behavior among selfish agents, and that it is considerably more effective with punishment than with reward.
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Evolution of Social Behavior: Individual and Group Selection
TL;DR: In this article, the authors explore models in which groups are formed and dissolved and where reproduction of individuals is determined by their payoffs in a game played within groups, where selfish behavior will prevail over maximization of group payoffs.
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Detecting Failures of Backward Induction: Monitoring Information Search in Sequential Bargaining
TL;DR: In this article, a three-round bargaining game where the (perfect) equilibrium offer was $1.25 and an equal split was $2.11 was conducted, and the average offer was a little lower than the equilibrium.