Justin Valasek How Does Empathy Affect Trade-Offs People Are Willing to Make Between Their Own and Other’s Income?
Berlin Social Science Centre (WZB)
The WZB Berlin Social Science Center investigates societal change. The research focus is on problems of modern societies in a globalized world. Research areas include education and work, migration and the dynamics of political systems, market and choice, international politics and law. WZB research is theory-based, problem-oriented, often long-term and mostly based on international comparisons. Around 160 German and international researchers work at the WZB, including sociologists, political scientists, economists, legal scholars and historians. Research results are published for the scientific community as well as for experts in politics, business, the media and civic organizations. As a non-university research institute, the WZB is member of the Leibniz-Association. The WZB closely cooperates with universities in Berlin and beyond as well as with research institutions abroad. The WZB was founded in 1969 by members of the German parliament. The WZB is funded by the Federal government, he state of Berlin, and the community of German states. (Source: WZB)
Markets and Choice
"Research in this area focuses on economic decision making and its societal consequences. It examines the role of institutions and markets and studies economic learning, development and social evolution. It considers the profound interaction of psychology and economics and is often interdisciplinary in nature. Applications include the analysis of political processes, the emergence of prosocial behavior, and market design, in particular for matching problems." (Source)
The research presented in this video focuses on the question how empathy affects economic choice-behavior. In order to refine existing models of decision-making, two different concepts of empathy “imagine-self” and “imagine-other”, the latter requiring a higher level of sophistication, were included in game theoretic models. As JUSTIN VALASEK explains, it is established that empathy does not necessarily lead to more altruistic behavior and in some settings even the reverse is the case.
LT Video Publication DOI: https://doi.org/10.21036/LTPUB10132
A Note on Empathy in Games
- Jan Grohn, Steffen Huck and Justin Valasek
- Journal of Economic Behavior & Organization
- Published in 2014