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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
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, 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
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Vickers, John, 1985. "Delegation and the Theory of the Firm," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 95(380a), pages 138-47, Supplemen.
- Budría, Santiago, 2012. "Are Relative-Income Effects Constant across the Well-being Distribution?," IZA Discussion Papers 6591, Institute for the Study of Labor (IZA).
- Andrea Patacconi & Florian Ederer, 2005.
"Interpersonal Comparison, Status and Ambition in Organisations,"
Economics Series Working Papers
222, University of Oxford, Department of Economics.
- Ederer, Florian & Patacconi, Andrea, 2010. "Interpersonal comparison, status and ambition in organizations," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 75(2), pages 348-363, August.
- Joan Costa-i-Font & Frank Cowell, 2012.
"Social identity and redistributive preferences: a survey,"
LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
44307, London School of Economics and Political Science, LSE Library.
- Joan Costa-i-Font & Frank Cowell, 2013. "Social Identity and Redistributive Preferences: A Survey," CESifo Working Paper Series 4440, CESifo Group Munich.
- Santi Budria & Ada Ferrer-i-Carbonell, 2012. "Income Comparisons and Non-cognitive Skills," SOEPpapers on Multidisciplinary Panel Data Research 441, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Budría, Santiago & Ferrer-i-Carbonell, Ada, 2012. "Income Comparisons and Non-Cognitive Skills," IZA Discussion Papers 6419, Institute for the Study of Labor (IZA).
- Nattavudh Powdthavee, 2009. "How important is rank to individual perception of economic standing? A within-community analysis," Journal of Economic Inequality, Springer, Springer, vol. 7(3), pages 225-248, September.
- Santiago Budria, 2013. "Are Relative-Income Effects Constant Across the Well-Being Distribution?," Journal of Happiness Studies, Springer, Springer, vol. 14(4), pages 1379-1408, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Caroline Wise).
If references are entirely missing, you can add them using this form.