neuroeconomics decision making and the brain

Download Book Neuroeconomics Decision Making And The Brain in PDF format. You can Read Online Neuroeconomics Decision Making And The Brain here in PDF, EPUB, Mobi or Docx formats.

Neuroeconomics

Author : Paul W. Glimcher
ISBN : 9780123914699
Genre : Psychology
File Size : 40. 63 MB
Format : PDF, Docs
Download : 909
Read : 888

Download Now


In the years since it first published, Neuroeconomics: Decision Making and the Brain has become the standard reference and textbook in the burgeoning field of neuroeconomics. The second edition, a nearly complete revision of this landmark book, will set a new standard. This new edition features five sections designed to serve as both classroom-friendly introductions to each of the major subareas in neuroeconomics, and as advanced synopses of all that has been accomplished in the last two decades in this rapidly expanding academic discipline. The first of these sections provides useful introductions to the disciplines of microeconomics, the psychology of judgment and decision, computational neuroscience, and anthropology for scholars and students seeking interdisciplinary breadth. The second section provides an overview of how human and animal preferences are represented in the mammalian nervous systems. Chapters on risk, time preferences, social preferences, emotion, pharmacology, and common neural currencies—each written by leading experts—lay out the foundations of neuroeconomic thought. The third section contains both overview and in-depth chapters on the fundamentals of reinforcement learning, value learning, and value representation. The fourth section, “The Neural Mechanisms for Choice, integrates what is known about the decision-making architecture into state-of-the-art models of how we make choices. The final section embeds these mechanisms in a larger social context, showing how these mechanisms function during social decision-making in both humans and animals. The book provides a historically rich exposition in each of its chapters and emphasizes both the accomplishments and the controversies in the field. A clear explanatory style and a single expository voice characterize all chapters, making core issues in economics, psychology, and neuroscience accessible to scholars from all disciplines. The volume is essential reading for anyone interested in neuroeconomics in particular or decision making in general. Editors and contributing authors are among the acknowledged experts and founders in the field, making this the authoritative reference for neuroeconomics Suitable as an advanced undergraduate or graduate textbook as well as a thorough reference for active researchers Introductory chapters on economics, psychology, neuroscience, and anthropology provide students and scholars from any discipline with the keys to understanding this interdisciplinary field Detailed chapters on subjects that include reinforcement learning, risk, inter-temporal choice, drift-diffusion models, game theory, and prospect theory make this an invaluable reference Published in association with the Society for Neuroeconomics—www.neuroeconomics.org Full-color presentation throughout with numerous carefully selected illustrations to highlight key concepts

Neuroeconomics The Odyssey

Author : Varoozh Sahakian
ISBN : 9781477155202
Genre : Education
File Size : 73. 64 MB
Format : PDF, Docs
Download : 541
Read : 1248

Download Now


Armenian origin neuroeconomist, Varoozh Sahakian, holds D.B.A., Ph.D degrees in Economics & a Ph.D in Sociology. His disappointment with thetraditional neoclassical economic theory top-down"macho-biased" approach to homo-economicus, alongwith his belief that homo-sapines choicebehavior & decision-making is limited mainly by his/her biology, or in other words, economics actually is apart of biology science, motivated him to gather deepknowledge about human bilology, brain & nervoussystem, gender differences, genetic and hormonal &chemical functions. The "Female brain unearths the neoclassicaleconomic theory biases/ anomalies, " book is the first oftwo books the author has written about this newborn, yet, burgeoning field of "Neuro-economics, " a highlypromising human science approach to understandingthe neurobiological bases of human choice behaviorand decision-making processes. The author presents a very promising andblossoming scientific field, which portrays a moreaccurate and real & candid picture of human naturethan neoclassical reductionist economic theory.In many aspects, neuroeconomics approach is apositive, constructive one, helping to explain thehuman capacity for kindness and cooperation andthe centrality of fairness to social emotions, morality &norms (by-passed by many Walrasian and neoclassicaladvocates). The book, after all, introduces an economicagent who is not necessarily acquisitive automationconditioned always to narrow self-interest, likeneoclassical economic theory's unisex (macho)or unsex, but can be a female &male, young & olddecision maker. In other words, it introduces a morereal, "whole human:" A 'Homo-Neuro-Economicus.'The most outstanding initiative of the bookis the introduction of a feminist economic theory, its critical approach to the neoclassical economictheory, supported interestingly not only by sociocultural/historical insights but by neuro-biological, psychological, gender, chemical & hormonal evidence, too. The author envisions, that this challengingdiscipline is likely, once for all, to realize Adam Smith & David Hume's dream by providing;"A unified theory of human choice behaviorand decision-making in the forthcoming future."

Neuroeconomics And The Decision Making Process

Author : Christiansen, Bryan
ISBN : 9781466699908
Genre : Psychology
File Size : 54. 78 MB
Format : PDF, ePub, Mobi
Download : 233
Read : 802

Download Now


Neuroeconomics has emerged as a field of study with the goal of understanding the human decision-making process and the mental consideration of multiple outcomes based on a selected action. In particular, neuroeconomics emphasizes how economic conditions can impact and influence the decision-making process and alternately, how human actions have the power to impact economic conditions. Neuroeconomics and the Decision-Making Process presents the latest research on the relationship between neuroscience, economics, and human decision-making, including theoretical foundations, real-world applications, and models for implementation. Taking a cross-disciplinary approach to neuroeconomic theory and study, this publication is an essential reference source for economists, psychologists, business professionals, and graduate-level students across disciplines.

Foundations Of Neuroeconomic Analysis

Author : Paul W. Glimcher
ISBN : 0199780633
Genre : Medical
File Size : 85. 66 MB
Format : PDF, ePub, Docs
Download : 662
Read : 540

Download Now


A new academic field, neuroeconomics, has emerged at the border of the social and natural sciences. In Foundations of Neuroeconomic Analysis, Paul Glimcher argues that a meaningful interdisciplinary synthesis of the study of human and animal choice is not only desirable, but also well underway, and so it is time to formally develop a foundational approach for the field. He does so by laying the philosophical and empirical groundwork and integrating the theory of choice and valuation with the relevant physical constraints and mechanisms. While there has been an intense debate about the value and prospects of neuroeconomics, Glimcher argues that existing data from neuroeconomics' three parent fields, neuroscience, psychology and economics, already specify the basic features of the primate choice mechanism at all three levels of analysis. His central argument is that combining these three disciplines gives us enough insight to define many of the fundamental features of decision making that have previously eluded scholars working within each individual field. With this in mind, Glimcher provides a comprehensive overview of the neuroscience, psychology, and economics of choice behavior, which will help readers from many disciplines to grasp the rich interconnections between these fields and see how their data and theory can interact to produce new insights, constraints, and questions. The book is divided into four main sections that address key barriers to interdisciplinary cohesion. The first section defines the central philosophical issues that neuroeconomics must engage. The theory of knowledge already tells us much about how different disciplines interact, and in this section, Glimcher reviews those constraints and lays a philosophical foundation for future neuroeconomic discourse. This section concludes with both a defense of neoclassical economics and a spirited attack on Milton Friedman's insistence that economics must not be constrained by the study of mechanism. Glimcher argues instead for the development of "hard-economic theories", which postulate that choosers behave the way they do because of the underlying representations that occur in their brains. The second section describes what is known about the primate choice mechanism-the physical structures in our brains that actively select among the options available to the chooser. By reviewing and integrating economic theory of choice, neurobiological studies of the frontal and parietal cortices, and psychological models of selection, Glimcher creates an interdisciplinary structure for understanding how we choose. This interdisciplinary synthesis leads to several novel insights into the causes of human irrational behavior and recasts many of these so-called irrationalities as neurobiological optimizations in the face of physical constraints. The third section describes the neural circuits for valuation-the physical mechanisms by which we learn, store, and represent the values of the many options from which we choose. In this section, Glimcher combines studies from computer science and neuroscience with representational frameworks from economics to provide novel assessments of both the strengths and weaknesses of modern economic theory. The section ends with a discussion of behavioral neuroeconomics and the ultimate limits of the neoclassical economic program. The book concludes with a description of a new model for human choice behavior that harvests constraints from each of neuroeconomics' parent disciplines and encapsulates the key insights from current research, as well as a review of the major accomplishments and opportunities that await the new field of neuroeconomics.

Emotion And Decision Making Explained

Author : Edmund T. Rolls
ISBN : 9780199659890
Genre : Business & Economics
File Size : 42. 26 MB
Format : PDF, ePub, Docs
Download : 280
Read : 328

Download Now


What produces emotions? Why do we have emotions? How do we have emotions? Why do emotional states feel like something? What is the relation between emotion, and reward value, and subjective feelings of pleasure? These are just some of the question considered in this book, written by a leading neuroscientist in this field.

The Neuroeconomics Of Environmental Decision Making

Author : Nik Sawe
ISBN : OCLC:944735137
Genre :
File Size : 78. 78 MB
Format : PDF
Download : 157
Read : 326

Download Now


Mobilizing to effectively respond to climate change and other major environmental challenges requires a new way of thinking and new approaches to decision-making. This dissertation combines econometric surveys with behavioral economics and neuroimaging experiments to examine environmental decisions in two contexts: how individuals assign value to natural resources and donate to protect them, and how consumers make appliance purchases with energy-efficient options. Neuroeconomics allows us to identify the brain regions that predict behavior, and understand how neural activity in these regions may be influenced by key elements of the decision process, such as the presence of eco-labels. Part I enumerates some of the difficulties with current survey methods for obtaining the value that individuals place on natural resources and ecosystem services, and explains how neuroeconomic methods may complement these surveys. A pair of studies, one behavioral and one using functional magnetic resonance imaging (fMRI), elicited real donations from individuals to protect natural resources under threat of destructive land uses. Individuals' willingness-to-pay (WTP) was determined more by negative affect toward the destructiveness of the land use than by positive affect toward the park land under threat. Activity in the anterior insula, a brain region associated with negative affect, positively predicted donation and was increased when viewing destructive land uses, particularly in individuals with strong pro-environmental attitudes. Activity in the medial prefrontal cortex, associated with cost-benefit assessments, actually negatively predicted donation, suggesting that the region may encode the value of money withheld for one's self, rather than the donation's value in environmental benefits. Part II examines the individual drivers of consumer purchases of appliances with energy-efficient options through a national survey of 1,550 homeowners as well as an fMRI purchasing task. Individuals respond heterogeneously to the presence of the Energy Star eco-label. Moreover, when comparing consumer decisions in the national survey to an economically-rational benchmark of what individuals should be willing to pay for reductions in energy consumption, two individual differences were associated with large departures from rationality. High numeracy, or mathematical aptitude, was associated with significant underestimation of the value of energy consumption savings, while strong pro-environmental attitudes were associated with overvaluation. In the fMRI task, subjects chose whether to purchase CFL light bulbs with varying annual energy costs, some of which featured an Energy Star label, at different prices. The nucleus accumbens and caudate, both regions within the ventral striatum that are responsive to positive affect, increased activity in response to low prices and the presence of the Energy Star label. Nucleus accumbens activation also positively predicted purchase, while medial prefrontal cortex activity negatively predicted purchase. Neural response to the CFL bulbs' attributes also differed based on individuals' environmental attitudes, numeracy, and temporal discount rates. I propose that combining methods from behavioral economics and neuroeconomics can inform environmental policy and education by providing a more nuanced view of the roles of individual characteristics and information processing during environmental decision-making. These insights can then shape the design of behavioral interventions to best benefit both the individual and the environment.

Neuroeconomics Hype Or Hope

Author : Caterina Marchionni
ISBN : 9781317977360
Genre : Business & Economics
File Size : 68. 87 MB
Format : PDF, Kindle
Download : 871
Read : 931

Download Now


Is neuroeconomics a flimsy fad likely to pass without leaving a discernible trace in economics? Or is it a promising new field with the potential to enrich and improve economic theory? Neuroeconomics brings together a unique mix of perspectives ranging from philosophy of science to neuroeconomics practice to reflect on the promises and limitations of neuroeconomics for the future of economics. The analyses collected in the volume suggest that although neuroeconomics raises methodological worries that ought to be dealt with, it might contribute to economics in various ways, some perhaps more promising than others. One thing comes out clearly, though: a complete insulation of economics from neuroscience and psychology is likely to do economics more harm than good. This book was originally published as a special issue of Journal of Economic Methodology.

Neuroeconomics

Author : Martin Reuter
ISBN : 9783642359231
Genre : Psychology
File Size : 86. 19 MB
Format : PDF, Kindle
Download : 764
Read : 717

Download Now


This book represents one of the cornerstones of the series Studies in Neuroscience, Psychology and Behavioral Economics. It is divided into eight sections, starting with an introduction to neuroeconomics followed by an overview of frequently applied experimental paradigms (games) in neuroeconomics research. Furthermore, it addresses the molecular basis of human decision making, environmental/situational factors and social contexts influencing human decision making, as well as translational and developmental/clinical approaches to neuroeconomics. In closing, a paper on neuro-marketing demonstrates how knowledge from neuroeconomics research can be applied in “real life.” Culminating in an extensive methods section, in which eight different neuroscience techniques are introduced, the book offers an essential resource for researchers and practitioners, and may also be beneficial for graduate students.

Handbook Of Reward And Decision Making

Author : Jean-Claude Dreher
ISBN : 0080923488
Genre : Psychology
File Size : 58. 19 MB
Format : PDF, Kindle
Download : 598
Read : 741

Download Now


This book addresses a fundamental question about the nature of behavior: how does the brain process reward and makes decisions when facing multiple options? The book presents the most recent and compelling lesion, neuroimaging, electrophysiological and computational studies, in combination with hormonal and genetic studies, which have led to a clearer understanding of neural mechanisms behind reward and decision making. The neural bases of reward and decision making processes are of great interest to scientists because of the fundamental role of reward in a number of behavioral processes (such as motivation, learning and cognition) and because of their theoretical and clinical implications for understanding dysfunctions of the dopaminergic system in several neurological and psychiatric disorders (schizophrenia, Parkinson's disease, drug addiction, pathological gambling, ...). Comprehensive coverage of approaches to studying reward and decision making, including primate neurophysiology and brain imaging studies in healthy humans and in various disorders, genetic and hormonal influences on the reward system and computational models. Covers clinical implications of process dysfunction (e.g., schizophrenia, Parkinson's disease, eating disorders, drug addiction, pathological gambling) Uses multiple levels of analysis, from molecular mechanisms to neural systems dynamics and computational models. " This is a very interesting and authoritative handbook by some of the most outstanding investigators in the field of reward and decision making ", Professor Edmund T. Rolls, Oxford Center for Computational Neuroscience, UK

The Elgar Companion To Recent Economic Methodology

Author : J. B. Davis
ISBN : 9780857938077
Genre : Business & Economics
File Size : 38. 38 MB
Format : PDF, Kindle
Download : 841
Read : 1230

Download Now


Economic methodology has traditionally been associated with logical positivism in the vein of Milton Friedman, Karl Popper, Imre Lakatos and Thomas Kuhn. However, the emergence and proliferation of new research programs in economics have stimulated many novel developments in economic methodology. This impressive Companion critically examines these advances in methodological thinking, particularly those that are associated with the new research programs which challenge standard economic methodology. Bringing together a collection of leading contributors to this new methodological thinking, the authors explain how it differs from the past and point towards further concerns and future issues. The recent research programs explored include behavioral and experimental economics, neuroeconomics, new welfare theory, happiness and subjective well-being research, geographical economics, complexity and computational economics, agent-based modeling, evolutionary thinking, macroeconomics and Keynesianism after the crisis, and new thinking about the status of the economics profession and the role of the media in economics. This important compendium will prove invaluable for researchers and postgraduate students of economic methodology and the philosophy of economics. Practitioners in the vanguard of new economic thinking will also find plenty of useful information in this path-breaking book.

Top Download:

Best Books