Transcript
  • 00:01    |    
    Initial credits
  • 00:06    |    
    Introduction
  • 00:25    |    
    Use of sanctions in society
  • 01:36    |    
    Howard Stern's sanctions
  • 03:38    |    
    Studies related to sanctions
    • Detrimental incentive effects - Uri Gneezy and Aldo Rustichini (2000)
    • Intention effects - Kevin McCabe, Mary Rigdon and Vernon Smith (2003)
    • Intention effects - Roger D. Nelson (2002)
    • Importance of incentives and intentions - Daniel Houser, Erte Xiao, Kevin McCabe and Vernon Smith (2008)
  • 11:21    |    
    Experiment design
  • 12:09    |    
    Incentive treatment - Ernst Fehr and Bettina Rockenbach, Nature (2002)
    • Variation due to possibility of punishment
    • Results of the experiment
    • Important tool for experimental economics
    • Questions regarding the test
    • Have you done tests varying the degree of punishment?
    • Investor's decision to use punishment
  • 25:02    |    
    Random treatment experimental design
    • Investor's awareness of possibility of punishment
    • Can you explain the psychological decision to punish or not to punish?
  • 32:03    |    
    Comments from the participants in the test
    • Comments from no sanction participants
    • Comments from sanction participants
    • Conclusions
  • 36:11    |    
    Return percentage of triple investment amount
    • Intentions and incentives
    • Conclusions
    • Distribution of cooperative types
  • 42:41    |    
    Neuroeconomic investigation - Jian Li, Erte Xiao, Daniel Houser and Read Montague (2008)
  • Effect of the amount paid as incentive
  • 46:28    |    
    Neuroeconomics evidence
  • Hypothesis driven
  • 49:18    |    
    VMPFC (Kevin McCabe, et al 2001)
    • Case of Phineas Gage
    • Theory of mind and social cooperation
  • 55:11    |    
    Other parts of the brain involved in human social activity
  • 56:34    |    
    Ernst Fehr and Bettina Rockenbach's design
    • Data used in test
    • Results of the test
    • Parietal region's activity when sanctions threaten
  • 01:00:58    |    
    Do social sanctions have the same effect as monetary sanctions?
  • 01:03:47    |    
    Social rewards networks active when sanctions not threatened
  • 01:04:45    |    
    Effect in social activity when economical activity is introduced
  • 01:06:16    |    
    Conclusions regarding the effect of sanctions
  • 01:07:40    |    
    Final credits


Punishment and Norm Compliance

New Media  | 24 de octubre de 2012  | Vistas: 9

Daniel Houser speaks about the effects of punishment in social activity, along with a neurological outcome in the brain. Main focus is set on economical punishment and the change in participants’ behavior, depending on the degree of sanction. As part of this subject, the detrimental incentive result of sanctions is explained with its intention consequence, and variations in human action with the different attitudes towards social and economical sanction.

Other topics discussed, are those about neuroeconomic investigations. The role of the ventromedial prefrontal cortex -VMPFC- in human action, and the case of Phineas Gage, as well as the other parts of the brain involved in social cooperation are explained. The lecture ends with the conclusions regarding social cooperation and punishment, based on the research previously presented.




Conferencista

Daniel Houser is chairman of the Department of Economics and director…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín