The Neuroeconomics of Mind Reading and Empathy.

@article{Singer2005TheNO,
  title={The Neuroeconomics of Mind Reading and Empathy.},
  author={Tania Singer and Ernst Fehr},
  journal={The American economic review},
  year={2005},
  volume={95 2},
  pages={340-5}
}
The Neuroeconomics of Mind Reading and Empathy The most fundamental solution concepts in Game Theory – Nash equilibrium, backward induction, and iterated elimination of dominated strategies – are based on the assumption that people are capable of predicting others' actions. These concepts require people to be able to view the game from the other players’ perspectives, i.e. to understand others’ motives and beliefs. Economists still know little about what enables people to put themselves into… CONTINUE READING

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