A social discounting model based on Tsallis’ statistics

Taiki Takahashi

Physica A: Statistical Mechanics and its Applications, 2010, vol. 389, issue 17, 3600-3603

Abstract: Social decision making (e.g. social discounting and social preferences) has been attracting attention in economics, econophysics, social physics, behavioral psychology, and neuroeconomics. This paper proposes a novel social discounting model based on the deformed algebra developed in the Tsallis’ non-extensive thermostatistics. Furthermore, it is suggested that this model can be utilized to quantify the degree of consistency in social discounting in humans and analyze the relationships between behavioral tendencies in social discounting and other-regarding economic decision making under game-theoretic conditions. Future directions in the application of the model to studies in econophysics, neuroeconomics, and social physics, as well as real-world problems such as the supply of live organ donations, are discussed.

Keywords: Altruism; Neuroeconomics; Econophysics; Social discounting; Social preferences; Tsallis’s statistics (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:389:y:2010:i:17:p:3600-3603

DOI: 10.1016/j.physa.2010.04.020

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