
pmid: 19745115
Observing Unrevealed Preferences Ideally, it would be possible to design a system of incentives for the production and allocation of public goods with the following properties: (i) it would be budget-balanced; (ii) people would participate willingly because they would not be made worse off by doing so; (iii) it would be easy for each participant to find his or her optimal strategy; and (iv) the equilibrium solution would yield the optimal production of the public good. Sadly, this set of conditions cannot be satisfied simultaneously because it requires that self-interested individuals reveal voluntarily and truthfully how much they value the public good. Krajbich et al. (p. 596 , published online 10 September) ask whether a neuroimaging measurement can be used to circumvent this reliance on observed behavior by decoding individual valuations. A decoding accuracy of 55% would be sufficient, and, in a laboratory experiment, an optimal provision of public goods was indeed achieved.
Adult, Male, Motivation, 330, Social Values, Economics, Decision Making, Brain, Truth Disclosure, Magnetic Resonance Imaging, Group Processes, Costs and Cost Analysis, Humans, Female, Social Behavior
Adult, Male, Motivation, 330, Social Values, Economics, Decision Making, Brain, Truth Disclosure, Magnetic Resonance Imaging, Group Processes, Costs and Cost Analysis, Humans, Female, Social Behavior
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| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
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