- Decision making involves hierarchical organization of goals and actions. Recent developments in decision neuroscience and reinforcement learning help explain how humans organize behavior in a hierarchical manner.
- Society consists of social networks that are larger than what a single person can manage based on cognitive limits. However, humans can overcome these limits through cooperative relationships built on social norms, trust and punishment.
- Understanding human decision making and behavior in a social context is important, as factors like inequality aversion, trust, and cultural differences can significantly impact decisions made at both individual and societal levels.