publication . Preprint . 2005

Neuroeconomic Foundation of Trust and Social Preferences

Fehr, Ernst; Fischbacher, Urs; Kosfeld, Michael;
Open Access
  • Published: 01 Jul 2005
Abstract
This paper discusses recent neuroeconomic evidence related to other-regarding behaviours and the decision to trust in other people’s other-regarding behaviour. This evidence supports the view that people derive non-pecuniary utility (i) from mutual cooperation in social dilemma (SD) games and (ii) from punishing unfair behaviour. Thus, mutual cooperation and the punishment of free riders in SD games is not irrational, but better understood as rational behaviour 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 behaviour in a sequenti...
Subjects
free text keywords: foundation of trust; neuroconomic; social preferences, jel:A13, jel:C90
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