ECON 1 Lecture Notes - Ultimatum Game, Magnetic Resonance Imaging, Neuroeconomics
Document Summary
Problems can be represented as a set of states and actions in which agents make transitions in order to move toward states with greater associated reward. Value associated with one agent"s action depends critically on the changing actions (and mental states) of other social agents. In social dilemmas, strategic decision must be tailored and updated to the particular mental state of another. Jan 19th 2016: unfair ug offer, associated with both negative emotions and activation of the anterior insula, anterior insula response scales to magnitude of unfairness, predicts decision to accept or reject the offer. In the ug, subjects are more likely to accept unfair offers when. Dlpfc/racc when choosing to defect, a pattern of activation hypothesized to reflect prepotent emotional biases for defecting. E-reader 2: diminishing reciprocal fairness by disrupting the right prefrontal. Reciprocal fairness implies punishment of other individuals" unfair behaviors, even if it hurts the punisher"s economic self-interest.
