Department of Economics

News
Department
Research
Study
Faculty and Staff
Agenda and Seminars
Zurich Graduate School of Economics  

Publications and Working Papers

Most recent publications in economics and other behavioral sciences
Most recent publications in neuroeconomics and social neuroscience
Most recent publications in Evolutionary Economics and Psychology
The Most Recent Books
Economics and other behavioral sciences
Neuroeconomics and Social Neuroscience
Evolutionary Economics and Psychology
Publications in economics and neuroscience in German
Popular papers and Presentations
Popular Papers and Presentations (Spanish version)

Most recent publications in economics and other behavioral sciences

Nature1
Business culture and dishonesty in the banking industry

Nature 2014, advanced online publication doi:10.1038/nature13977 (with A. Cohn and M. Maréchal)

Related article on profesional identity: Professional identity can increase dishonesty, Nature 2014, advanced online publication doe:10.1038/nature14068 (by Marie Claire Villeval)

AER cover
American Economic Review, Forthcoming (with A. Cohn, J. Engelmann, and M. Maréchal)
AER cover
Benefits of Neuroeconomic Modeling: New Policy Interventions and Predictors of Preference, American Economic Review: Papers and Proceedings, 104(5), 2014, 501-506 (with I. Krajbich and B. Oud)
Econometrica
Forthcoming in Econometrica (with B. Bartling and H. Herz)
Cover science
Science 862(6186), 862-867, 2014 (with J. Haushofer)#data
jeea
Social Comparison and Effort Provision: Evidence from a Field Experiment

Journal of the European Economic Association 12(4), 2014, 877-898 (with A. Cohn, B. Herrmann, and F. Schneider)

mansci
Fair Wages and Effort: Combining Evidence from a Choice Experiment and a Field Experiment Management Science 2014 1-18 (with A. Cohn and L. Goette)
Jeea

Use and Abuse of Authority: A Behavioral Foundation of the Employment Relation

Use and Abuse of Authority: A Behavioral Foundation of the Employment Relation, Journal of the European Economic Association 11(4), 2013, 711-742 (with B. Bartling and K.M. Schmidt)
Aer cover
The Lure of Authority: Motivation and Incentive Effects of Power

Most recent publications in neuroeconomics and social neuroscience

Cover
The neurobiology of rewards and values in social decision making

Nature Reviews Neuroscience, Advanced online publication, doi:10.1038/nrn3776, 2014 (with C.C. Ruff)

science cover
Changing Social Norm compliance with Noninvasive Brain Stimulation

Science 342, 482-484, 2013 (with C.C. Ruff and G. Ugazio)

Neuron cover
Linking Brain Structure and Activation in Temporoparietal Junction to Explain the Neurobiology of Human Altruism
  • Neuron 75, 2012, 73-79 (with Y. Morishima, D. Schunk, A. Bruhin, and C.C. Ruff

Press releases

NatNeuro
Dorsolateral and ventromedial prefrontal cortex orchestrate normative choice
  • Nature Neuroscience, advanced online publication doi:10.1038/nn.2933 (with T. Baumgartner, D. Knoch, P. Hotz, and C. Eisenegger)

TICS
 The role of testosterone in social interaction

HBM
The Mentalizing Network Orchestrates the Impact of Parochial Altruism on Social Norm Enforcement

Most recent publications in Evolutionary Economics and Psychology

evhumbeh
Can we see inside? Predicting strategic behavior given limited information

wrath

Wrath of God: religious primes and punishment

Eyes are on us

Eyes are on us, but nobody cares: are eye cues relevant for strong reciprocity?

marmosetten

Other-regarding preferences in a non-human primate: Common marmosets provision food altruistically

paraltur

Parochial altruism in humans

The Most Recent Books

Cover
Neuroeconomics: Decision Making and the Brain, Second Edition

Edited by Paul W. Glimcher and Ernst Fehr

Neuroeconomics is a young, interdisciplinary field dealing with the neurobiology of decision making and how it affects cognitive social interactions between humans and societies/economies. It studies how economic behavior can shape our understanding of the brain, and how neuroscientific discoveries can constrain and guide models of economics. Neuroeconomics studies decision making by using a combination of tools from neuroscience, economics and psychology to avoid the shortcoming that arise from a single perspective approach.

Offering the necessary interdisciplinary approach, Neuroeconomics second edition presents research from neuroscience, psychology, and behavioral economics. Edited by two of the founders of the field, this edition once again offers a current and comprehensive review of the field. With chapters authored by all the major figures, this new edition will serve to advance understanding of the following as related to the human brain through neoclassical economic approaches, behavioral economics, social decision making, valuation, and neural mechanism for choice.

Buy at Amazon

Neuroeconomics

Neuroeconomics: Decision Making and the Brain

by Paul W. Glimcher, Colin Camerer, Ernst Fehr, and Russell Poldrack. Academic Press, 2008

Neuroeconomics is a new promising approach to understanding the neurobiology of decision making and how it affects social interactions between humans. This book is the first edited reference on the science behind neuroeconomics. Offering a truly interdisciplinary approach, "Neuroeconomics" presents research from neuroscience, psychology, and behavioral economics, and includes chapters by the major figures in the field. Carefully edited for a cohesive presentation of the material, the book is also very useful as a textbook for the many newly emerging graduate courses on Neuroeconomics in Neuroscience, Psychology, and Economics schools. Editors and contributing authors represent the acknowledged experts and founders of the field of Neuroeconomics and include Nobel laureates Vernon Smith and Daniel Kahneman.

This book received the Award for Excellence in Social Sciences and was the winner in the Economics category.

Buy at Amazon

Moral Sentiments and Material Interests : The Foundations of Cooperation in Economic Life (Economic Learning and Social Evolution)

Moral Sentiments and Material Interests : The Foundations of Cooperation in Economic Life (Economic Learning and Social Evolution)

by Herbert Gintis, Samuel Bowles, Robert T. Boyd, Ernst Fehr

Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group. The book presents the evidence in favor of strong reciprocity among humans, provides a thorough analysis of cooperation in nonhuman primates and discusses the motivational and evolutionary origins of strong reciprocity. In addition, Moral Sentiments and Material Interests derives the implications of strong reciprocity for the functioning of markets and other political and economic institutions, including the political legitimacy of different social policies.

Buy at Amazon
Foundations of Human Sociality

Foundations of Human Sociality

What motives underlie the ways humans interact socially? Are these the same for all societies? Are these part of our nature, or influenced by our environments?

Over the last decade, research in experimental economics has emphatically falsified the textbook representation of Homo economicus. Literally hundreds of experiments suggest that people care not only about their own material payoffs, but also about such things as fairness, equity and reciprocity. However, this research left fundamental questions unanswered: Are such social preferences stable components of human nature; or, are they modulated by economic, social and cultural environments?

Buy at Amazon

Related Work

Economics and other behavioral sciences

Business culture and dishonesty in the banking industry, Nature 2014, advanced online publication doi:1038/nature13977 (with A. Cohn and M. Maréchal)

Related article on profesional identity: Professional identity can increase dishonesty, Nature 2014, advanced online publication doe:10.1038/nature14068 (by Marie Claire Villeval)

Forthcoming in the Journal of the European Economic Association (with O. Hart and C. Zehnder)
Forthcoming in the Journal of the European Economic Association (with A. Cohn, B. Herrmann, and F. Schneider)
Management Science 2014, 1-18 (with A. Cohn and L. Goette)
American Economic Review, Forthcoming (with A. Cohn, J. Engelmann, and M. Maréchal)
Forthcoming in Econometrica (with B. Bartling and H. Herz)
American Economic Review 104(3) (2014), 1063-1071 (with J.R. Tyran)
European Economic Review 64 (2013) 369-383 (with D. Glätzle-Rützler and M. Sutter)
American Economic Review 103(4) (2013), 1325-1359 (with H. Herz and T. Wilkening)
Journal of Economic Behavior and Organization (2013) (with U. Fischbacher and E. Tougareva)
Use and Abuse of Authority: A Behavioral Foundation of the Employment Relation, Journal of the European Economic Association, 11(4), 2013, 711-742 (with B. Bartling and K.M. Schmidt)
Journal of Public Economics (forthcoming) (with A. Leibbrandt)
American Economic Review 102(2), (2012) 834-864 (with Björn Bartling and Klaus M. Schmidt)
Journal of the European Economic Association 10(4) (2012) 887-907(with Martin Brown and Armin Falk)
American Economic Review 101(2) (2011) 493-525 (with O. Hart and C. Zehnder)#data
Journal of Economic Behavior & Organization 72 (2009) 527-545 (with C.M. Fong and U. Fischbacher)
Journal of the European Economic Association 7(2-3) (2009) 235-266
Annual Review of Economics 1 (2009), 355-84 (with C. Zehnder and L. Goette)
American Economic Review 99:2, 93–98, 2009 (by Björn Bartling, Ernst Fehr, Michel André Maréchal, and Daniel Schunk)
Games and Economic Behavior 67 (2009), 481-502 (with D. Halbheer, L. Goette, and A. Schmutzler)
Econometrica 76 (2008), 353-394. (with J. R. Tyran)
The Economic Journal, 118 (August 2008), 1262–1284 (with Susanne Kremhelmer and Klaus M. Schmidt).
Games and Economic Behavior 62 (2008), 287-303 (with A. Falk and U. Fischbacher)
Econometrica 75/1 (2007), 121-154 (with A. Klein and K.M. Schmidt)
The American Economic Review 97 (2007), 298-317 (with L. Goette)
Quarterly Journal of Economics (2006), 1347-1381 (with A. Falk and C. Zehnder)
American Economic Review 96(5) (2006), 1912-1917 (with M. Naef and K.M. Schmidt)
Science 311, 6 January 2006, 47-52. (with Colin Camerer).
Journal of Monetary Economics 52 (2005), 779-809 (with L. Götte)
The Behavioral Effects of Minimum Wages
June 2005 (with Armin Falk and Christian Zehnder).
Journal of Economic Perspectives 19 (2005), 43-66 (with J.R. Tyran).
Econometrica Vol. 72, No. 3, May 2004, 747-780 (with Martin Brown and Armin Falk).
Journal of the European Economic Association 2(2-3), April/May 2004, 216-228 (with Lorenz Goette and David Huffman).
Scand. J. of Economics 106(3), 453-474, 2004 (with Klaus M. Schmidt)
This is an electronic version of an article published in the Scandinavian Journal of Economics. Complete citation information for the final version of the paper, as published in the print edition of the Scandinavian Journal of Economics, is available on the Blackwell Synergy online delivery service, accessible via the journal's website or www.blackwell-synergy.com.
Journal of the European Economic Association 2 (2004), 741-771. (with J. List)
Labour Economics 10, 2003, 399-406 (with Armin Falk).
Journal of Institutional and Theoretical Economics 159 (2003), 171-187.
On the Nature of Fair Behavior
Economic Inquiry 41 (2003), 20-26 (with A. Falk and U. Fischbacher).
Schmollers Jahrbuch 122(2002), 519-542 (with U. Fischbacher, B. von Rosenbladt, J. Schupp, and G. Wagner)
Josef Schumpeter Lecture at the Annual Meeting of the European Economic Association 2001, European Economic Review 46 (2002), 687 - 724
Frank Hahn Lecture at the Annual Meeting of the Royal Economic Society 2001, Economic Journal 112 (2002), C1-C33.
Theories of Fairness and Reciprocity - Evidence and Economic Applications
Invited Lecture at the 8th World Congress of the Econometric Society 2000, M. Dewatripont, L. Hansen and St. Turnovsky (Eds.),Advances in Economics and Econometrics - 8th World Congress, Econometric Society Monographs, Cambridge, Cambridge University Press 2002 (with K. Schmidt).
Nature 415, 17 January 2002, 269-272.
American Economic Review 91 (2001), 1239-1262 (with J. R. Tyran).
Economic Letters 71(3), (2001), 397-404 (with U. Fischbacher and S. Gächter)
Journal of Economic Perspectives 14, (2000), 159-181 (with Simon Gächter).#text
Quarterly Journal of Economics 114, (1999), 817-868 (with K. Schmidt).
Journal of Political Economy 107, (1999), 106-134 (with A. Falk).
European Economic Review 42, (1998), 1-34 (with G. Kirchsteiger und A. Riedl).
Scand. J. Economics 100 (1998) 643-662, 1998 (with P. K. Zych).
A. Ben-Ner, L. Putterman (Eds.), (1998) Economics, values and organization, Cambridge University Press, 1998 (with Simon Gächter)
Econometrica 65, (1997), 833-860 (with S. Gächter and G. Kirchsteiger)
Economic Journal Vol. 104, No. 424, (1994), 571-583 (with G. Kirchsteiger).
Quarterly Journal of Economics 108, (1993), 437-460 (with G. Kirchsteiger und A. Riedl).
American Economic Review 80, (1990), 624-630. American Economic Review 81, (1991), 384.

Neuroeconomics and Social Neuroscience

The Value of Vengeance and the Demand for Deterrence, Journal of Experimental Psychology: General, Forthcoming (with M. Crockett and Y. Özdemir)
Benefits of Neuroeconomic Modeling: New Policy Interventions and Predictors of Preference, American Economic Review: Papers and Proceedings, 104(5), 2014, 501-506 (with I. Krajbich and B. Oud)
The neurobiology of rewards and values in social decision making, Nature Reviews Neuroscience, Advanced Online Publication 2014, doi:10.1038/nrn3776 (with C.C. Ruff)
Fatal attraction: Ventral striatum predicts costly choice errors in humans, Neuromiage 81 (2013), 1-9 (with J.R. Chumbley and P.N. Tobler)
No Effects of Psychosocial Stress on Intertemporal Choice, PLOS ONE 8(11) (2013) e78598 (with J. Haushofer, S. Cornelisse, M. Seinstra, M. Joëls, and T. Kalenscher)
Changing social Norm Compliance with Noninvasive Brain StimulationScience 342 (2013), 482-484 (with C.C. Ruff and G. Ugazio)
Social brains on drugs: tools for neuromodulation in social neuroscience Social Cognitive and Affective Neuroscience, 9(2) 2013, 250-254, (with M. Crockett)
Psychoneuroendocrinology 38 (2013), 171-178 (with C. Eisenegger, A. von Eckardstein, and S. von Eckardstein)
Linking Brain Structure and Activation in Temporoparietal Junction to Explain the Neurobiology of Human Altruism, Neuron 75, 2012, 73-79 (with Y. Morishima, D. Schunk, A. Bruhin, and C.C. Ruff)
PLos Computational Biology 8(1), 2012, 1-11 (with J.R. Chumbley, G. Flandin, D.R. Bach, J. Daunizeau, R.J. Dolan, and K.J. Friston)
Nature 485, 2012, E6-E6 (with C. Eisenegger, M. Naef, R. Snozzi, and M. Heinrichs)
Dorsolateral and ventromedial prefrontal cortex orchestrate normative choice, Nature Neuroscience, advance online publicaton doi:10.1038/nn.2933 (with T. Baumgartner, D. Knoch, P. Hotz, and C. Eisenegger)
Journal of Economic Perspectives 25(4) 2011, 3-30, (with A. Rangel)
The role of testosterone in social interaction Trends in Cognitive Sciences 15(6), 2011, 263-271 (with C. Eisenegger and J. Haushofer
Human Brain Mapping 33(6), 1452-1469 (with T. Baumgartner, L. Götte, and R. Gügler)
Lateral prefrontal cortex and self-control in intertemporal choice Nature Neuroscience 13(5), 2010, 538-539 (with B. Figner, D. Knoch, E.J. Johnson, A.R. Krosch, S.H. Lisanby, and E.U. Weber)
Biological Psychiatry 67(8), 2010, 702-706 (with C. Eisenegger, D. Knoch, R. Ebstein, L.R.R. Gianotti, and P. Sándor)
Psychological Science 21(3), 2010, 337-342 (with D. Knoch, L.R.R.Gianotti, and T. Baumgartner)
Neuron 64(5) (2009), 756-770 (with T. Baumgartner, U. Fischbacher, A. Feierabend, and K. Lutz)
Prejudice and truth about the effect of testosterone on human bargaining behaviour
Nature Advance online publication doi:10.1038/nature08711, 2009 (with C. Eisenegger, M. Naef, R. Snozzi, and M. Heinrichs)
Proceedings of the National Academy of Science 106 (49) (2009), 20895-99 (with D. Knoch, F. Schneider, D. Schunk, and M. Hohmann)
Psychological Science 20(1), 2009, 33-38 (with L.R. Gianotti, D. Knoch, P.L. Faber, D. Lehmann, R.D. Pascual-Marqui, C. Diezi, C. Schoch, and C. Eisenegger)
NeuroImage 42 (2008) 379 – 384 (with C. Eisenegger, V. Treyer and D. Knoch).
Neuron 58 (2008), 639-650 (with Thomas Baumgartner, Markus Heinrichs, Aline Vonlanthen, and Urs Fischbacher)
Cerebral Cortex 17 (12), 24 December 2007 (with Daria Knoch, Michael A. Nitsche, Urs Fischbacher, Christoph Eisenegger and Alvaro Pascual-Leone).
TRENDS in Cognitive Sciences 11 (10), October 2007, 419-426 (with Colin F. Camerer).
Neuron 56 (1), 4 October 2007, 185-196 (with Manfred Spitzer, Urs Fischbacher, Bärbel Herrnberger and Georg Grön).
Science 314, 3 November 2006, 912-915 (with Daria Knoch, Alvaro Pascual-Leone, Kaspar Meyer, Valerie Treyer and Ernst Fehr).
Nature 435, 2 June 2005, 673-676 (with Michael Kosfeld, Markus Heinrichs, Paul Zak and Urs Fischbacher).
Science 305, 27 August 2004, 1254-1258.
American Economic Review - Papers & Proceedings 95 (2005), 346-351 (with Urs Fischbacher and Michael Kosfeld).
American Economic Review - Papers & Proceedings 95(2005), 340-345 (with Tania Singer).

Evolutionary Economics and Psychology

Science 344(6186), 862-867 (2014) (with J. Haushofer)
European Economic Review 64 (2013), 369-383 (with D. Glaetzle-Ruetzler and M. Sutter)
Evolution and Human Behavior 34 (2013), 258-264 (with C. Efferson and S. Vogt)
Psychological Science, advance online publication doi:10.1177/0956797611431576, 2012 (with B. von Dawans, U. Fischbacher, C. Kirschbaum, and M. Heinrichs)
Health effects on children's willingness to compete, Experimental Economics 15(1) (2012) 58 - 70 (with B. Bartling and D. Schunk)
Economic Journal 121 (2011), F396-F412 (with Karla Hoff)
 Economic Journal 121 (2011), F449-F475 (with Karla Hoff and Mayuresh Kshetramade)
 Experimental Economics doi 10.1007/s10683-011-9288-2 (with G. Bartling and D. Schunk)
Journal of Public Economics 95 (2011) 1144-1155 (with Andreas Leibbrandt)
Wrath of God: religious primes and punishment Proceedings of the Royal Society B, advanced online publication doi:10.1098/rspb.2010.2125 (with Ryan McKay, Charles Efferson, and Harvey Whitehouse)
American Economic Review: Papers and Proceedings, 98:2 (2008) 494-499 (with Karla Hoff and Mayuresh Kshetramade)
Nature 454 (2008) 1079-1084 (with Helen Bernhard and Bettina Rockenbach)
Annual Review of Sociology 33, August 2007, 43–64 (with Herbert Gintis).
Proceedings of the National Academy of Sciences 104 (50), 11 December 2007, 19762–19766 (with Judith M. Burkart, Charles Efferson, and Carel P. van Schaik).
Parochial altruism in humans Nature 442, 24 August 2006, 912-915 (with Helen Bernhard and Urs Fischbacher).
Behavioral and Brain Sciences (2005) 28, 795–855 (with J. Henrich, R. Boyd, S. Bowles, H. Gintis, C.Camerer, R. McElreath, M. Gurven, K. Hill, A. Barr, J. Ensminger, D. Tracer, F. Marlow, J. Patton, M. Alvard, F. Gil-White and N. Henrich).
Econometrica 73 (6), November 2005, 2017–2030 (with Armin Falk and Urs Fischbacher).
Analyse & Kritik 27/2005 p. 6–47 (with Urs Fischbacher).
Analyse & Kritik 27/2005 p. 73–84.
TRENDS in Cognitive SciencesVol.8 No.4, April 2004, 185-190 (with Urs Fischbacher)
Evolution and Human Behvavior 25, 2004, 63-87 (with Urs Fischbacher)
Nature 425, 23 October 2003, 785-791 (with Urs Fischbacher)
Evolution and Human Behavior 24 (2003) 153–172 (with Herbert Gintis, Samuel Bowles, Robert Boyd)
Nature 422, 15 March 2002, 137-140 (with Bettina Rockenbach)
Nature 415, 10 January 2002, 137-140 (with Simon Gächter)
Supporting online material:
Human Nature 13, (2002), 1-25 (with Urs Fischbacher and Simon Gächter)
Comment in Theoretical Primatology (with Samuel Bowles and Herbert Gintis)
forthcoming in: P. Hammerstein (Ed.), The Genetic and Cultural Evolution of Cooperation, MIT Press, Cambridge, Mass. (with J. Henrich)
American Economic Review 91, (2001), 73-78 (with Henrich, Boyd, Bowles, Gintis, Camerer and McElreath)
American Economic Review 90, (2000), 980-994 (with Simon Gächter)
Supporting online matierials:
American Economic Review 90, (2000), 247-264 (with Falkinger, Gächter, Winter-Ebmer)
Journal of Economic Behavior and Organization 39, (1999), 341-369 (with Simon Gächter)
Appropriating the Commons - A Theoretical Explanation
Th. Dietz, N. Dolšak, E. Ostrom, P. Stern, S. Stonich, E. Weber (Eds.), The Drama of the Commons, National Academy Press, February 2002 (with A. Falk and U. Fischbacher)

Publications in economics and neuroscience in German

Schmollers Jahrbuch 130, 210, 297-323 (with B. Bartling, B. Fischer, F. Kosse, M. Maréchal, F. Pfeiffer, D. Schunk, J. Schupp, C. Spiess, and G. Wagner)

Popular papers and Presentations

NZZ No. 146, 25./26. Juni 2005
NZZ No. 221, 22. September 2004
FINRISK Newsletter No. 2, November 2004
Spektrum der Wissenschaft, März 2002 (mit Karl Sigmund und Martin A. Nowak).
Scientific American, January 2002 (with Karl Sigmund and Martin A. Nowak).
NZZ, 28./29. April 2001
NZZ, 13./14. Januar 2001 (with Suzann-Viola Renninger)
NZZ, 27./28. November 1999
Vortrag zum Dies Academicus der Universität St. Gallen, 8. Juni 2002

Popular Papers and Presentations (Spanish version)

Spektrum der Wissenschaft, März 2002 (mit Karl Sigmund und Martin A. Nowak).
NZZ, 28./29. April 2001
NZZ, 27./28. November 1999
Vortrag zum Dies Academicus der Universität St. Gallen, 8. Juni 2002