Between Utility and Cognition: The Neurobiology of Relative Position
AbstractA positive correlation between relative position and the neurotransmitter serotonin exists in non-human primates, within an optimal range. This paper explores the reasons of this correlation. The main function of serotonin appears cognitive: it determines how optimally agents perceive and behave in game theoretical interactions, and this can explain the correlational finding. Among humans, within the optimal range serotonin works as a form of human capital, capable of improving the work functioning of agents who respond to serotonergic promoter treatment. Limitations of the existing evidence are also discussed.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 56.
Date of creation: 01 Dec 2000
Date of revision:
serotonin; relative position; categorization; human capital;
Other versions of this item:
- Zizzo, Daniel John, 2002. "Between utility and cognition: the neurobiology of relative position," Journal of Economic Behavior & Organization, Elsevier, vol. 48(1), pages 71-91, May.
- Zizzo, D.J., 2000. "Between Utility An Cognition: The Neurobiology Of Relative Position," Economics Series Working Papers 9956, University of Oxford, Department of Economics.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C99 - Mathematical and Quantitative Methods - - Design of Experiments - - - Other
- D10 - Microeconomics - - Household Behavior - - - General
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