Prompt
Why do people make other-regarding decisions (i.e. social preferences)? Is this because of a concern for fairness, an adherence to social norms, and/or genuine altruism? Review the literature supporting the existence and motives for social norms and take a stance arguing for one or more of these views.
In an effort to unwrap what motivates humans in other-regarding decision making, scientists and researchers in neuroscience, psychology, neuroeconomics, and game theory have conducted experiments and reviews focusing on this process. There are many factors in consideration when it comes to social preferences such as social norms, notions of fairness, selfishness, and altruism. In this paper I will highlight two review articles, the first being Social neuroeconomics: the neuralcircuitry of social preferences by Ernst Fehr and Colin F. Camerer and the second article being Game theory and neural basis of social decision making by Daeyol Lee. I will also base my argument on the findings from two research articles: Self-referential thinking and equilibriumas states of mind in games: fMRI evidence by Meghana Bhatt and Colin F. Camerer and A Neurocomputational Model of Altruistic Choice and Its Implications by Cendri A. Hutcherson, Benjamin Bushong, and Antonio Rangel.
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- Why do people make other-regarding decisions (i.e. social preferences)?
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