00:01    |    
Initial credits
00:06    |    
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
36:11    |    
Return percentage of triple investment amount
Intentions and incentives
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

24 de octubre de 2012   | Vistas: 4 |  

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.

Daniel Houser is chairman of the Department of Economics and director of the Interdisciplinary Center for Economic Science (ICES) at…


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