nep-neu New Economics Papers
on Neuroeconomics
Issue of 2019‒05‒20
four papers chosen by
Daniel Houser
George Mason University

  1. Consciousness is more than meets the eye: a call for a multisensory study of subjective experience By Nathan Faivre; Anat Arzi; Claudia Lunghi; Roy Salomon
  2. Happier Than Them, but More of Them Are Happy:Aggregating Subjective Well-Being By Cristina Sechel
  3. Emotions and strategic interactions By Nguyen, Yen
  4. The Strategic Display of Emotions By Chen, Daniel; Hopfensitz, Astrid; van Leeuwen, Boris; van de Ven, J.

  1. By: Nathan Faivre (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, LNCO - Laboratory of Cognitive Neuroscience - EPFL - Ecole Polytechnique Fédérale de Lausanne); Anat Arzi (CAM - University of Cambridge [UK]); Claudia Lunghi (Department of Translational Research on New Technologies in Medicine and Surgery - University of Pisa - Università di Pisa); Roy Salomon (LNCO - Laboratory of Cognitive Neuroscience - EPFL - Ecole Polytechnique Fédérale de Lausanne)
    Abstract: Over the last 30 years, our understanding of the neurocognitive bases of consciousness has improved, mostly through studies employing vision. While studying consciousness in the visual modality presents clear advantages, we believe that a comprehensive scientific account of subjective experience must not neglect other exteroceptive and interoceptive signals as well as the role of multisensory interactions for perceptual and self-consciousness. Here, we briefly review four distinct lines of work which converge in documenting how multisensory signals are processed across several levels and contents of consciousness. Namely, how multisensory interactions occur when consciousness is prevented because of perceptual manipulations (i.e. subliminal stimuli) or because of low vigilance states (i.e. sleep, anesthesia), how interactions between exteroceptive and interoceptive signals give rise to bodily self-consciousness, and how multisensory signals are combined to form metacognitive judgments. By describing the interactions between multisensory signals at the perceptual, cognitive, and metacognitive levels, we illustrate how stepping out the visual comfort zone may help in deriving refined accounts of consciousness, and may allow cancelling out idiosyncrasies of each sense to delineate supramodal mechanisms involved during consciousness.
    Keywords: contents of consciousness,unconscious processing,metacognition,states of consciousness,self
    Date: 2017–09
  2. By: Cristina Sechel (Department of Economics, University of Sheffield UK)
    Abstract: This paper proposes the use of headcount-based indicators for the measurement of national Subjective Well-Being (SWB). It provides a methodological contribution to the challenge of threshold selection for headcount measures using Cognitive Dissonance Theory operationalised using life satisfaction data from World/European Values Surveys. A Beta- regression approach is employed to explore the empirical relationships between national SWB and objective measures of well-being contributing to the empirical literature on social indicators. The use of this model is novel in this context. The findings reveal relationships between objective measures of development and SWB that are not apparent when average national SWB is used. For example, I find no significant link between national income and the share of satisfied individuals
    Keywords: subjective well-being; cognitive dissonance theory; beta- regression
    JEL: O1 I3 H1
    Date: 2019–04
  3. By: Nguyen, Yen (Tilburg University, School of Economics and Management)
    Abstract: This thesis consists of three chapters. My central interest is to study the interaction between emotions and decision making, using affective computing technologies for emotion induction, measurement and analysis. The first chapter evaluates the effect of induced emotional states on risk tolerance. The second chapter explores the causal relationship between specific emotional states and cooperation, by assessing whether specific incidental emotions induce greater or less cooperation in a social dilemma environment. The final chapter considers whether the asymmetric availability of emotion data in a canonical bargaining situation between a buyer and a seller yields an advantage for the person who holds the data.
    Date: 2019
  4. By: Chen, Daniel; Hopfensitz, Astrid; van Leeuwen, Boris (Tilburg University, Center For Economic Research); van de Ven, J. (Tilburg University, Center For Economic Research)
    Abstract: The emotion that someone expresses has consequences for how that person is treated. We study whether people display emotions strategically. In two laboratory experiments, participants play task delegation games in which managers assign a task to one of two workers. When assigning the task, managers see pictures of the workers and we vary whether getting the task is desirable or not. We find that workers strategically adapt their emotional expressions to the incentives they face, and that it indeed pays off to do so. Yet, workers do not exploit the full potential of the strategic display of emotions.
    Keywords: emotions; expressions; communication; experiment; incentives
    JEL: D91 C91 D83
    Date: 2019

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