The Neuroeconomics of Mind Reading and Empathy

Fachartikel 49

Fachbereich
Volkswirtschaftslehre
Fachrichtung
Empirische Wirtschaftsforschung
Working Paper
2005
Sprache
englisch
Co Autoren
Tania Singer

Beschreibung

Economics and game theory are based on the assumption that people are capable of predicting
others' actions. The most fundamental solution concepts in Game Theory – Nash equilibrium,
backward induction, and iterated elimination of dominated strategies – are based on this
assumption. 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.....

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