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A Review Essay onSocial Neuroscience: Can Research on the Social Brain and Economics Inform Each Other?

Carlos Alós-Ferrer

Laboratory for Social and Neural Systems Research and Department of Economics, University of Zurich

Journal of Economic Literature 2018 open access

Social neuroscience studies the “social brain,” conceived as the set of brain structures and functions supporting the perception and evaluation of the social environment. This article provides an overview of the field, using the book Social Neuroscience: Brain, Mind, and Society (Russell K. Schutt, Larry J. Seidman, and Matcheri S. Keshavan, editors) as a starting point. Topics include the evolution of the social brain, the concept of “theory of mind,” the relevant brain networks, and documented failures of the social brain. I argue that social neuroscience and economics can greatly benefit from each other because the social brain underlies interpersonal decision making, as studied in economics. (JEL D11, D71, D87, Z13)

DOI
10.1257/jel.20171370
Volume
56 (1)
Pages
234-264
Language
en
Export
BibTeX
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