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Embodied economics: how bodily information shapes the social coordination dynamics of decision-making

Author

Listed:
  • Olivier Oullier

    (NIA - Neurobiologie intégrative et adaptative - Université de Provence - Aix-Marseille 1 - CNRS - Centre National de la Recherche Scientifique)

  • Frédéric Basso

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

Abstract

To date, experiments in economics are restricted to situations in which individuals are not influenced by the physical presence of other people. In such contexts, interactions remain at an abstract level, agents guessing what another person is thinking or is about to decide based on money exchange. Physical presence and bodily signals are therefore left out of the picture. However, in real life, social interactions (involving economic decisions or not) are not solely determined by a person's inference about someone else's state-of-mind. In this essay, we argue for embodied economics: an approach to neuroeconomics that takes into account how information provided by the entire body and its coordination dynamics influences the way we make economic decisions. Considering the role of embodiment in economics—movements, posture, sensitivity to mimicry and every kind of information the body conveys—makes sense. This is what we claim in this essay which, to some extent, constitutes a plea to consider bodily interactions between agents in social (neuro)economics.

Suggested Citation

  • Olivier Oullier & Frédéric Basso, 2010. "Embodied economics: how bodily information shapes the social coordination dynamics of decision-making," Post-Print halshs-00461761, HAL.
    • Handle: RePEc:hal:journl:halshs-00461761
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    Citations

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    Cited by:

    1. Mastrogiorgio, Antonio & Petracca, Enrico, 2016. "Embodying rationality," MPRA Paper 74658, University Library of Munich, Germany.
    2. Nenita B. Nagarit, DBA & Susana C. Bautista, EdD & Ferdinand C. Somido, PhD & Pedrito Jose V. Bermudo, PhD & Antonio D.Yango, PhD & Leomar S. Galicia, PhD, 2018. "Transforming Online Negative Blogs in the Use of Credit Cards in Electronics Transactions into Constructive Action: Basis of Creating Business Spend Analyzer Model," Journal of Business & Management (COES&RJ-JBM), , vol. 6(1), pages 66-83, January.
    3. Radosław Walczak & Przemysław Zdybek & Felice Giuliani & Luca Tommasi, 2021. "How Much Money Do You Need to Feel Taller? Impact of Money on Perception of Body Height," IJERPH, MDPI, vol. 18(9), pages 1-9, April.
    4. Jennifer Robinson & Marta Sinclair & Jutta Tobias & Ellen Choi, 2017. "More Dynamic Than You Think: Hidden Aspects of Decision-Making," Administrative Sciences, MDPI, vol. 7(3), pages 1-29, July.
    5. Santiago Alonso, 2012. "Economía material: cuerpo y cerebro," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 14(26), pages 77-93, January-J.
    6. Petracca, Enrico, 2015. "A tale of paradigm clash: Simon, situated cognition and the interpretation of bounded rationality," MPRA Paper 64517, University Library of Munich, Germany.

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