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On the Nature, Modeling, and Neural Bases of Social Ties

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Author Info
Ridderinkhof, Richard
Stallen, Mirre
van Winden, Frans A.A.M.
Abstract

This paper addresses the nature, formalization, and neural bases of (affective) social ties and discusses the relevance of ties for health economics. A social tie is defined as an affective weight attached by an individual to the well-being of another individual (‘utility interdependence’). Ties can be positive or negative, and symmetric or asymmetric between individuals. Characteristic of a social tie, as conceived of here, is that it develops over time under the influence of interaction, in contrast with a trait like altruism. Moreover, a tie is not related to strategic behavior such as reputation formation but seen as generated by affective responses. A formalization is presented together with some supportive evidence from behavioral experiments. This is followed by a discussion of related psychological constructs and the presentation of suggestive neural findings, based on the existing literature. We conclude with some suggestions for future research.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 6950.

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Date of creation: Aug 2008
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Handle: RePEc:cpr:ceprdp:6950

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Related research
Keywords: Affect; Modeling; Neuroeconomics; Social Ties;

Find related papers by JEL classification:
D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
D64 - Microeconomics - - Welfare Economics - - - Altruism
D87 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Neuroeconomics
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
I10 - Health, Education, and Welfare - - Health - - - General

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  19. Goeree, Jacob K. & Holt, Charles A. & Laury, Susan K., 2002. "Private costs and public benefits: unraveling the effects of altruism and noisy behavior," Journal of Public Economics, Elsevier, vol. 83(2), pages 255-276, February. [Downloadable!] (restricted)
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