Human beings routinely help strangers at costs to themselves. Sometimes the help offered is generous - offering more than the other expects. The proximate mechanisms supporting generosity are not well-understood, but several lines of research suggest a role for empathy. In this study,...

This chapter will survey neuroscientific research and discuss recent experiments from my lab on the physiologic basis for interpersonal decision-making to support the follow thesis: most people, most of the time, behave ethically, and that a set of shared values is essential to the functioning...

We analyze the dynamics of a simple growth model in which production occurs with a delay while new capital is installed (time-to-build). The time-to-build technology is shown to yield a system of functional (delay) differential equations with a unique steady state. We demonstrate that the steady...

The purpose of this paper is to catalog some of the important findings from the fields of psychology and neurology, and to show potential implications for economics, with particular emphasis on financial markets. The blending of these fields is developing a new sub-field of neuroeconomics known...

We analyze the dynamics of a simple growth model in which production occurs with a delay while new capital is installed (time-to-build). The time-to-build technology is shown to yield a system of functional (delay) differential equations with a unique steady state. We demonstrate that the steady...

Currency Crises, Monetary Union and the Conduct of Monetary Policy is a book of debate and analysis by some of the world’s most eminent economists including four Nobel Laureates, on problems relating to the international monetary system, economic growth and monetary policy.

We analyze the dynamics of a simple growth model in which production occurs with a delay while new capital is installed (time-to-build). The time-to-build technology is shown to yield a system of functional (delay) differential equations with a unique steady state. We demonstrate that the steady...