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Benjamin DJ, Cesarini D, Chabris CF, et al. The Promises and Pitfalls of Genoeconomics*. Annu Rev Econom. 2012;4:627-662doi: 10.1146/annurev-economics-080511-110939.
Benjamin, D. J., Cesarini, D., Chabris, C. F., Glaeser, E. L., Laibson, D. I., Guðnason, V., Harris, T. B., Launer, L. J., Purcell, S., Smith, A. V., Johannesson, M., Magnusson, P. K., Beauchamp, J. P., Christakis, N. A., Atwood, C. S., Hebert, B., Freese, J., Hauser, R. M., Hauser, T. S., Grankvist, A., Hultman, C. M., & Lichtenstein, P. (2012). The Promises and Pitfalls of Genoeconomics*. Annual review of economics, 4627-662. https://doi.org/10.1146/annurev-economics-080511-110939
Benjamin, Daniel J, et al. "The Promises and Pitfalls of Genoeconomics*." Annual review of economics vol. 4 (2012): 627-662. doi: https://doi.org/10.1146/annurev-economics-080511-110939
Benjamin DJ, Cesarini D, Chabris CF, Glaeser EL, Laibson DI, Guðnason V, Harris TB, Launer LJ, Purcell S, Smith AV, Johannesson M, Magnusson PK, Beauchamp JP, Christakis NA, Atwood CS, Hebert B, Freese J, Hauser RM, Hauser TS, Grankvist A, Hultman CM, Lichtenstein P. The Promises and Pitfalls of Genoeconomics*. Annu Rev Econom. 2012 Jul 01;4:627-662. doi: 10.1146/annurev-economics-080511-110939. Epub 2012 Jun 18. PMID: 23482589; PMCID: PMC3592970.
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Annu Rev Econom. 2012 Jul 01;4:627-662. doi: 10.1146/annurev-economics-080511-110939. Epub 2012 Jun 18.

The Promises and Pitfalls of Genoeconomics*.

Annual review of economics

Daniel J Benjamin, David Cesarini, Christopher F Chabris, Edward L Glaeser, David I Laibson, Vilmundur Guðnason, Tamara B Harris, Lenore J Launer, Shaun Purcell, Albert Vernon Smith, Magnus Johannesson, Patrik K E Magnusson, Jonathan P Beauchamp, Nicholas A Christakis, Craig S Atwood, Benjamin Hebert, Jeremy Freese, Robert M Hauser, Taissa S Hauser, Alexander Grankvist, Christina M Hultman, Paul Lichtenstein

Affiliations

  1. Department of Economics, Cornell University, Ithaca, New York 14853; National Bureau of Economic Research, Cambridge, Massachusetts 02138; [email protected].

PMID: 23482589 PMCID: PMC3592970 DOI: 10.1146/annurev-economics-080511-110939

Abstract

This article reviews existing research at the intersection of genetics and economics, presents some new findings that illustrate the state of genoeconomics research, and surveys the prospects of this emerging field. Twin studies suggest that economic outcomes and preferences, once corrected for measurement error, appear to be about as heritable as many medical conditions and personality traits. Consistent with this pattern, we present new evidence on the heritability of permanent income and wealth. Turning to genetic association studies, we survey the main ways that the direct measurement of genetic variation across individuals is likely to contribute to economics, and we outline the challenges that have slowed progress in making these contributions. The most urgent problem facing researchers in this field is that most existing efforts to find associations between genetic variation and economic behavior are based on samples that are too small to ensure adequate statistical power. This has led to many false positives in the literature. We suggest a number of possible strategies to improve and remedy this problem: (

Keywords: GWAS; genetics; heritability

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