| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5204 |
| DP5204 M&As Performance in the European Financial Industry | |
| José Manuel Campa; Ignacio Hernando | |
| 发表日期 | 2005-08-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | 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 sequential SD. Animal studies have identified Oxytocin as a hormone that induces pro-social approach behaviour, suggesting that it may also affect pro-social behavior in humans. Indeed, the study shows that subjects given Oxytocin exhibit much more trusting behaviour, suggesting that OT has a direct impact on certain aspects of subjects? social preferences. Interestingly, however, although Oxytocin affects trusting behaviour, it has no effect on subjects? trustworthiness. |
| 主题 | Labour Economics |
| 关键词 | Neuroconomic Social preferences Foundation of trust |
| URL | https://cepr.org/publications/dp5204 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534078 |
| 推荐引用方式 GB/T 7714 | José Manuel Campa,Ignacio Hernando. DP5204 M&As Performance in the European Financial Industry. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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