Behavioral And Neuroscientific Analysis Of Economic Decision Making In Animals

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Behavioral and neuroscientific analysis of economic decision making in animals

Author : Tobias Kalenscher,Marijn Van Wingerden
Publisher : Frontiers E-books
Page : 164 pages
File Size : 43,5 Mb
Release : 2024-07-04
Category : Electronic
ISBN : 9782889190966

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Behavioral and neuroscientific analysis of economic decision making in animals by Tobias Kalenscher,Marijn Van Wingerden Pdf

The experimental analysis of animal behavior has a rich tradition in psychology, behavioral ecology and many other scientific branches dedicated to the study of decision making. However, it has never enjoyed a similar popularity in economics. This has recently changed with the dawn of neuroeconomics – a discipline combining the analytic and experimental tools of psychology and economics with the technologies available in neuroscience to unravel the neurobiological mechanisms underlying economic behavior. Since many of the sophisticated neuroscientific techniques can only be used on animals, neuroeconomists have come up with a large and ever-growing repertoire of animal models to probe economic decision making. Besides the value of using animals as model systems to emulate human economic behavior, the discipline of animal economic decision making exists in its very own right: an abundance of animal species at various evolutionary stages show behavior that complies with many of the predictions of economic theory, whilst, at the same time demonstrating violations of optimal choice models that are reminiscent of similar anomalies found in human behavior. Hence, the analysis of animal choice does not only offer insights into the evolutionary origins of economic decision making, it also testifies that the analysis of animal behavior is a convenient, economical and sound way to test competing economic decision models in optimally controlled experimental environments, to probe their neural implementation and to yield common denominators in choice behavior. In short, economic theory provides more than just an alternative language to describe animal psychology: its combination with biology, psychology and neuroscience gives way to synergy effects that open up new venues for studying economic choice. In this special issue, we would like to gather the latest results from this cross-disciplinary topic, address the overlap and discrepancies in (the neurobiology of) economic decision making found between species and identify the challenges that lie ahead in translating results from species to species, and ultimately to humans. The exclusive focus on non-human animals makes this Research Topic unique and distinct from previous special issues which covered a broader range of matters and subjects in the neurobiological analysis of decision making.

Neuroeconomics

Author : Paul W. Glimcher
Publisher : Academic Press
Page : 606 pages
File Size : 48,9 Mb
Release : 2013-08-13
Category : Psychology
ISBN : 9780123914699

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Neuroeconomics by Paul W. Glimcher Pdf

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

Author : Laurie R. Santos,Michael L. Platt
Publisher : Elsevier Inc. Chapters
Page : 560 pages
File Size : 48,7 Mb
Release : 2013-08-13
Category : Medical
ISBN : 9780128073148

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Neuroeconomics by Laurie R. Santos,Michael L. Platt Pdf

In this chapter we discuss why behavioral studies of irrational biases in non-human primates are important for the field of neuroeconomics. We begin with a review of how behavioral work on choice biases in monkeys is important for understanding the nature of human choice errors. We then provide an introduction to the primate cognition approach, including a short overview of the organization of the primate order. We then briefly review the ecology and cognition of two primate species standardly used as models of human irrational decision making — brown capuchins and rhesus macaques. We next discuss empirical studies demonstrating that monkeys show human-like irrational errors in three of the classic situations in which human participants fall prey to biases: monkeys exhibit framing effects in risky decisions, they show endowment effects, and they are averse to ambiguous outcomes. We conclude our chapter with a discussion of how future work in neuroeconomics can capitalize on these new behavioral findings in monkeys.

Foraging

Author : David W. Stephens,Joel S. Brown,Ronald C. Ydenberg
Publisher : University of Chicago Press
Page : 626 pages
File Size : 54,6 Mb
Release : 2008-09-15
Category : Science
ISBN : 9780226772653

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Foraging by David W. Stephens,Joel S. Brown,Ronald C. Ydenberg Pdf

Foraging is fundamental to animal survival and reproduction, yet it is much more than a simple matter of finding food; it is a biological imperative. Animals must find and consume resources to succeed, and they make extraordinary efforts to do so. For instance, pythons rarely eat, but when they do, their meals are large—as much as 60 percent larger than their own bodies. The snake’s digestive system is normally dormant, but during digestion metabolic rates can increase fortyfold. A python digesting quietly on the forest floor has the metabolic rate of thoroughbred in a dead heat. This and related foraging processes have broad applications in ecology, cognitive science, anthropology, and conservation biology—and they can be further extrapolated in economics, neurobiology, and computer science. Foraging is the first comprehensive review of the topic in more than twenty years. A monumental undertaking, this volume brings together twenty-two experts from throughout the field to offer the latest on the mechanics of foraging, modern foraging theory, and foraging ecology. The fourteen essays cover all the relevant issues, including cognition, individual behavior, caching behavior, parental behavior, antipredator behavior, social behavior, population and community ecology, herbivory, and conservation. Considering a wide range of taxa, from birds to mammals to amphibians, Foraging will be the definitive guide to the field.

Routledge Handbook of Behavioral Economics

Author : Roger Frantz,Shu-Heng Chen,Kurt Dopfer,Floris Heukelom,Shabnam Mousavi
Publisher : Routledge
Page : 435 pages
File Size : 52,8 Mb
Release : 2016-08-05
Category : Business & Economics
ISBN : 9781317589242

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Routledge Handbook of Behavioral Economics by Roger Frantz,Shu-Heng Chen,Kurt Dopfer,Floris Heukelom,Shabnam Mousavi Pdf

There is no doubt that behavioral economics is becoming a dominant lens through which we think about economics. Behavioral economics is not a single school of thought but representative of a range of approaches, and uniquely, this volume presents an overview of them. The wide spectrum of international contributors each provides an exploration of a central approach, aspect or topic in behavorial economics. Taken together, the whole volume provides a comprehensive overview of the subject which considers both key developments and future possibilities. Part One presents several different approaches to behavioural economics, including George Katona, Ken Boulding, Harvey Leibenstein, Vernon Smith, Herbert Simon, Gerd Gigerenzer, Daniel Kahneman, and Richard Thaler. This section looks at the origins and development of behavioral economics and compares and contrasts the work of these scholars who have been so influential in making this area so prominent. Part Two presents applications of behavioural economics including nudging; heuristics; emotions and morality; behavioural political economy, education, and economic innovation. The Routledge Handbook of Behavioral Economics is ideal for advanced economics students and faculty who are looking for a complete state-of-the-art overview of this dynamic field.

Decision-Making Experiments under a Philosophical Analysis: Human Choice as a Challenge for Neuroscience

Author : Gabriel José Corrêa Mograbi,Carlos Eduardo Batista de Sousa
Publisher : Frontiers Media SA
Page : 125 pages
File Size : 41,5 Mb
Release : 2015-10-15
Category : Decision making
ISBN : 9782889196685

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Decision-Making Experiments under a Philosophical Analysis: Human Choice as a Challenge for Neuroscience by Gabriel José Corrêa Mograbi,Carlos Eduardo Batista de Sousa Pdf

This introduction just aims to be a fast foreword to the special topic now turned into an e-book. The Editorial "Decision-Making Experiments under a Philosophical Analysis: Human Choice as a Challenge for Neuroscience" alongside with my opinion article "Neurophilosophical considerations on decision making: Pushing-up the frontiers without disregarding their foundations" play the real role of considering in more details the articles and the whole purpose of this e-book. What I must highlight in this foreword is that our intention with such a project was to deepen into the very foundations of our current paradigms in decision neuroscience and to philosophically moot its foundations and repercussions. Normal Science (a term coined by Philosopher Thomas Kuhn) works under a research consensus among a scientific community: A shared paradigm, consolidated methods, widespread convictions. Pragmatically, winning formulas must be kept, although, not at any cost. What differentiates a gifted and revolutionary scientist from a more bureaucratic colleague is the capacity and willingness of constantly reevaluating, depurating and refining his/her own paradigm. That is best strategy to avoid that a paradigm itself would gradually come under challenge. In my view, some achievements, in this sense, were brought about in our project. The e-book will be inspiring and informative for both neuroscientists that are concerned with the very foundations of their works and for philosophers that are not blind to empirical evidence. Kant once said: “Thoughts without content are empty, intuitions without concepts are blind”. Paraphrasing Kant we could say: Philosophy without science is empty, science without philosophy is blind.

From Stimulus to Behavioral Decision-Making

Author : Gérard Manière,Gérard Coureaud
Publisher : Frontiers Media SA
Page : 116 pages
File Size : 44,5 Mb
Release : 2020-02-13
Category : Electronic
ISBN : 9782889634637

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From Stimulus to Behavioral Decision-Making by Gérard Manière,Gérard Coureaud Pdf

The proper detection of stimuli coming from the environment is vital for any organism, in vertebrates as in invertebrates. Animals use different sensory modalities, independently or simultaneously, to detect them, such as audition, vision, olfaction, taste and touch. Indeed, in their ecosystems, animals constantly perceive various sensory signals. These stimuli come either from the environment (light, temperature, humidity, salinity...), or from other organisms (calls, colors, movements, pheromones, allomones, ...). This eBooks combines studies and comments (research articles, reviews, opinions ...), dealing with how animals detect a precise simple or complex sensory signal, confer a value to that signal, and respond to it by devoted and adaptive behaviors. This eBook provides a general overview for the detection of identified stimuli, and the mechanisms that lead to decision-making in animals. It also highlights the differences and similarities that may exist between vertebrates and invertebrates.

Handbook of Neurobehavioral Genetics and Phenotyping

Author : Valter Tucci
Publisher : John Wiley & Sons
Page : 648 pages
File Size : 42,5 Mb
Release : 2017-03-06
Category : Medical
ISBN : 9781118540718

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Handbook of Neurobehavioral Genetics and Phenotyping by Valter Tucci Pdf

The Handbook of Behavioral Genetics and Phenotyping represents an integrative approach to neurobehavioural genetics; worldwide experts in their field will review all chapters. Advanced overviews of neurobehavioural characteristics will add immense value to the investigation of animal mutants and provide unique information about the genetics and behavioural understanding of animal models, under both normal and pathological conditions. Cross-species comparisons of neurobehavioural phenotypes will pave the way for an evolutionary understanding of behaviour. Moreover, while biological sciences are progressing towards a holistic approach to investigate the complexity of organisms (i.e., “systems biology” approach), an integrated analysis of behavioural phenotyping is still lacking. The Handbook of Behavioral Genetics and Phenotyping strengthens the cross-talk within disciplines that investigate the fundamental basis of behaviour and genetics. This will be the first volume in which traditionally distant fields including genomics, behaviour, electrophysiology, neuroeconomics, and computational neuroscience, among others, are evaluated together and simultaneously accounted for during discussions of future perspectives.

Neuroeconomics and the Decision-Making Process

Author : Christiansen, Bryan
Publisher : IGI Global
Page : 354 pages
File Size : 55,6 Mb
Release : 2016-03-17
Category : Psychology
ISBN : 9781466699908

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Neuroeconomics and the Decision-Making Process by Christiansen, Bryan Pdf

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.

Advances in the Study of Behavior

Author : Anonim
Publisher : Academic Press
Page : 354 pages
File Size : 53,9 Mb
Release : 2015-04-08
Category : Nature
ISBN : 9780128024744

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Advances in the Study of Behavior by Anonim Pdf

This is a special 50th year anniversary volume of Advances in the Study of Behavior with contributions from past and present editors and authors of the serial. Initiated 50 years ago, Advances in the Study of Behavior strives to serve the increasing number of scientists engaged in the study of animal behavior. That number is still expanding. This volume makes another important "contribution to the development of the field" by presenting theoretical ideas and research to those studying animal behavior and to their colleagues in neighboring fields. 50th year anniversary edition, the serial strives to serve the increasing number of scientists engaged in the study of animal behavior Makes another important contribution to the development of the field Presents theoretical ideas and research to those studying animal behavior and to their colleagues in neighboring fields

Encyclopedia of Neuroscience, Volume 1

Author : Larry R. Squire
Publisher : Academic Press
Page : 12505 pages
File Size : 52,7 Mb
Release : 2009-06-12
Category : Medical
ISBN : 9780080963938

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Encyclopedia of Neuroscience, Volume 1 by Larry R. Squire Pdf

The Encyclopedia of the Neuroscience explores all areas of the discipline in its focused entries on a wide variety of topics in neurology, neurosurgery, psychiatry and other related areas of neuroscience. Each article is written by an expert in that specific domain and peer reviewed by the advisory board before acceptance into the encyclopedia. Each article contains a glossary, introduction, a reference section, and cross-references to other related encyclopedia articles. Written at a level suitable for university undergraduates, the breadth and depth of coverage will appeal beyond undergraduates to professionals and academics in related fields.

The Routledge Companion to Consumer Behavior Analysis

Author : Gordon R. Foxall
Publisher : Routledge
Page : 728 pages
File Size : 42,5 Mb
Release : 2015-08-20
Category : Business & Economics
ISBN : 9781317913450

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The Routledge Companion to Consumer Behavior Analysis by Gordon R. Foxall Pdf

The Routledge Companion to Consumer Behavior Analysis provides a unique and eclectic combination of behavioral, cognitive and environmental perspectives to illuminate the real-world complexities of consumer choice in a marketing-oriented economy. Edited by a leading authority in the field, the contributing authors have created a unique anthology for understanding consumer preference by bringing together the very latest research and thinking in consumer behavior analysis. This comprehensive and innovative volume ranges over a broad multi-disciplinary perspective from economic psychology, behavioral psychology and experimental economics, but its chief focus is on the critical evaluation of consumer choice in the natural settings of affluent, marketing-oriented economies. By focussing on human economic and social choices, which involve social exchange, it explores and reveals the enormous potential of consumer behavior analysis to illuminate the role of modern marketing-oriented business organizations in shaping and responding to consumer choice. This will be of particular interest to academics, researchers and advanced students in marketing, consumer behavior, behavior analysis, social psychology, behavioral economics and behavioral psychology.

21st Century Economics: A Reference Handbook

Author : Rhona C. Free
Publisher : SAGE
Page : 1038 pages
File Size : 51,7 Mb
Release : 2010-05-14
Category : Business & Economics
ISBN : 9781412961424

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21st Century Economics: A Reference Handbook by Rhona C. Free Pdf

Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Americans are debating the proper role of the government in company bailouts, the effectiveness of tax cuts versus increased government spending to stimulate the economy, and potential effects of deflation. Economists have dealt with such questions for generations, but they have taken on new meaning and significance. Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is intended to meet the needs of several types of readers. Undergraduate students preparing for exams will find summaries of theory and models in key areas of micro and macroeconomics. Readers interested in learning about economic analysis of an issue as well students embarking on research projects will find introductions to relevant theory and empirical evidence. And economists seeking to learn about extensions of analysis into new areas or about new approaches will benefit from chapters that introduce cutting-edge topics. To make the book accessible to undergraduate students, models have been presented only in graphical format (minimal calculus) and empirical evidence has been summarized in ways that do not require much background in statistics or econometrics. It is thereby hoped that chapters will provide both crucial information and inspiration in a non-threatening, highly readable format.

Man Is by Nature a Political Animal

Author : Peter K. Hatemi,Rose McDermott
Publisher : University of Chicago Press
Page : 335 pages
File Size : 43,5 Mb
Release : 2011-09-01
Category : Social Science
ISBN : 9780226319117

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Man Is by Nature a Political Animal by Peter K. Hatemi,Rose McDermott Pdf

In Man Is by Nature a Political Animal, Peter K. Hatemi and Rose McDermott bring together a diverse group of contributors to examine the ways in which evolutionary theory and biological research are increasingly informing analyses of political behavior. Focusing on the theoretical, methodological, and empirical frameworks of a variety of biological approaches to political attitudes and preferences, the authors consider a wide range of topics, including the comparative basis of political behavior, the utility of formal modeling informed by evolutionary theory, the genetic bases of attitudes and behaviors, psychophysiological methods and research, and the wealth of insight generated by recent research on the human brain. Through this approach, the book reveals the biological bases of many previously unexplained variances within the extant models of political behavior. The diversity of methods discussed and variety of issues examined here will make this book of great interest to students and scholars seeking a comprehensive overview of this emerging approach to the study of politics and behavior.

Handbook of Health Decision Science

Author : Michael A. Diefenbach,Suzanne Miller-Halegoua,Deborah J. Bowen
Publisher : Springer
Page : 377 pages
File Size : 52,7 Mb
Release : 2016-09-26
Category : Psychology
ISBN : 9781493934867

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Handbook of Health Decision Science by Michael A. Diefenbach,Suzanne Miller-Halegoua,Deborah J. Bowen Pdf

This comprehensive reference delves into the complex process of medical decision making—both the nuts-and-bolts access and insurance issues that guide choices and the cognitive and affective factors that can make patients decide against their best interests. Wide-ranging coverage offers a robust evidence base for understanding decision making across the lifespan, among family members, in the context of evolving healthcare systems, and in the face of life-changing diagnosis. The section on applied decision making reviews the effectiveness of decision-making tools in healthcare, featuring real-world examples and guidelines for tailored communications with patients. Throughout, contributors spotlight the practical importance of the field and the pressing need to strengthen health decision-making skills on both sides of the clinician/client dyad. Among the Handbook’s topics: From laboratory to clinic and back: connecting neuroeconomic and clinical mea sures of decision-making dysfunctions. Strategies to promote the maintenance of behavior change: moving from theoretical principles to practices. Shared decision making and the patient-provider relationship. Overcoming the many pitfalls of communicating risk. Evidence-based medicine and decision-making policy. The internet, social media, and health decision making. The Handbook of Health Decision Science will interest a wide span of professionals, among them health and clinical psychologists, behavioral researchers, health policymakers, and sociologists.