Neuroeconomics And The Decision Making Process

Neuroeconomics And The Decision Making Process Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Neuroeconomics And The Decision Making Process book. This book definitely worth reading, it is an incredibly well-written.

Neuroeconomics and the Decision-Making Process

Christiansen, Bryan
Neuroeconomics and the Decision Making Process Book PDF

Author : Christiansen, Bryan
Publisher : IGI Global
Page : 354 pages
File Size : 55,5 Mb
Release : 2016-03-17
Category : Psychology
ISBN : 9781466699908

Get Book

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.

Neuroeconomics

Paul W. Glimcher
Neuroeconomics Book PDF

Author : Paul W. Glimcher
Publisher : Academic Press
Page : 606 pages
File Size : 45,7 Mb
Release : 2013-08-13
Category : Psychology
ISBN : 9780123914699

Get Book

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

Neuroeconomic and Behavioral Aspects of Decision Making

Kesra Nermend,Małgorzata Łatuszyńska
Neuroeconomic and Behavioral Aspects of Decision Making Book PDF

Author : Kesra Nermend,Małgorzata Łatuszyńska
Publisher : Springer
Page : 419 pages
File Size : 48,8 Mb
Release : 2017-10-06
Category : Business & Economics
ISBN : 9783319629384

Get Book

Neuroeconomic and Behavioral Aspects of Decision Making by Kesra Nermend,Małgorzata Łatuszyńska Pdf

This proceedings volume presents the latest scientific research and trends in experimental economics, with particular focus on neuroeconomics. Derived from the 2016 Computational Methods in Experimental Economics (CMEE) conference held in Szczecin, Poland, this book features research and analysis of novel computational methods in neuroeconomics. Neuroeconomics is an interdisciplinary field that combines neuroscience, psychology and economics to build a comprehensive theory of decision making. At its core, neuroeconomics analyzes the decision-making process not only in terms of external conditions or psychological aspects, but also from the neuronal point of view by examining the cerebral conditions of decision making. The application of IT enhances the possibilities of conducting such analyses. Such studies are now performed by software that provides interaction among all the participants and possibilities to register their reactions more accurately. This book examines some of these applications and methods. Featuring contributions on both theory and application, this book is of interest to researchers, students, academics and professionals interested in experimental economics, neuroeconomics and behavioral economics.

Neuroeconomics

Martin Reuter,Christian Montag
Neuroeconomics Book PDF

Author : Martin Reuter,Christian Montag
Publisher : Springer
Page : 511 pages
File Size : 55,7 Mb
Release : 2016-10-06
Category : Psychology
ISBN : 9783642359231

Get Book

Neuroeconomics by Martin Reuter,Christian Montag Pdf

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.

Neuroeconomics

Eric J. Johnson,Roger Ratcliff
Neuroeconomics Book PDF

Author : Eric J. Johnson,Roger Ratcliff
Publisher : Elsevier Inc. Chapters
Page : 560 pages
File Size : 55,8 Mb
Release : 2013-08-13
Category : Medical
ISBN : 9780128073100

Get Book

Neuroeconomics by Eric J. Johnson,Roger Ratcliff Pdf

This chapter reviews models of choice on two levels: The first concerns the descriptions of choice and their evolution from normative models of how choices should be make to more behaviorally realistic models, more consistent with data showing that choice depends heavily on context. We present brief overviews of risky and riskless choice models and data and for choice over time. We then turn to computational process models, a more recent class of models that make prediction for multiple properties of the decision process beyond simply what is chosen, including predicting the distribution of errors and decision times.These models are typically applied to simpler choices, but have found great use in contemporary neuroscience.

Neuroeconomics

Peter Politser
Neuroeconomics Book PDF

Author : Peter Politser
Publisher : Oxford University Press
Page : 240 pages
File Size : 48,9 Mb
Release : 2008-03-12
Category : Psychology
ISBN : 9780190294229

Get Book

Neuroeconomics by Peter Politser Pdf

As technology has opened new windows into the brain, it has clarified what happens there when people make decisions about money. This clarity has produced a new science called neuroeconomics, which addresses diverse questions, such as why people save, buy stocks, steal, and overspend. The many different methods used in neuroeconomics have, however, often yielded unclear findings about the quality of these decisions, primarily because the field has lacked both guidelines for categorizing the different aspects of quality, and guidelines for selecting methods to study these aspects. Before this book, in which Peter Politser guides the reader through the different regions of study, there was no scientific guide for those interested in neuroeconomics. Politser shows how to evaluate specific elements of choice, such as regret, expectation, risk, ambiguity, time preference, and learning, and surveys economic and behavioral models of decision making skills. He reviews the neural correlates of decisional impairments and inconsistenciesclarifying, for example, why we do not recall what we experience, experience what we expect, or like what we want, and provides detailed tables of decision-making skills, their neural correlates, and possible impairments. Politser also considers what the field of neuroeconomics may add to future conceptions of decision making, and outlines the limitations of various studies of different capacities. He then introduces a broader field for the design and interpretation of neuroeconomic studiesa neuroepidemiology of decision making. Everyone who wants to understand the research in neuroeconomics or use its methods should read this book. Its accessible text, along with an extensive glossary, will guide those with little economic or neuroscience background, and make the book an excellent supplement for courses on neuroscience and decision making.

Neuroeconomics

Paul W. Glimcher
Neuroeconomics Book PDF

Author : Paul W. Glimcher
Publisher : Elsevier Inc. Chapters
Page : 560 pages
File Size : 42,6 Mb
Release : 2013-08-13
Category : Medical
ISBN : 9780128073278

Get Book

Neuroeconomics by Paul W. Glimcher Pdf

This chapter presents a broad overview of the existing model of value-based decision making in the brain. It begins with a brief overview of the basic elements of the standard model by compartmentalizing, for didactic purposes, the brain networks involved in learning and storing value (the value system) and the brain networks involved in selection of an option from a limited set (the choice system). This brief overview is followed by a more detailed explication of each of these two systems. The relationship between frontal valuation circuits and fronto-parietal choice circuits is also discussed. The chapter concludes with a discussion of an emerging alternative to the standard model before showing how perceptual decision-making models like those described in can be integrated into the standard model of value-based decision making.

Neuroeconomics, Judgment, and Decision Making

Evan A. Wilhelms,Valerie F. Reyna
Neuroeconomics Judgment and Decision Making Book PDF

Author : Evan A. Wilhelms,Valerie F. Reyna
Publisher : Psychology Press
Page : 383 pages
File Size : 42,8 Mb
Release : 2014-07-11
Category : Psychology
ISBN : 9781317652731

Get Book

Neuroeconomics, Judgment, and Decision Making by Evan A. Wilhelms,Valerie F. Reyna Pdf

This volume explores how and why people make judgments and decisions that have economic consequences, and what the implications are for human well-being. It provides an integrated review of the latest research from many different disciplines, including social, cognitive, and developmental psychology; neuroscience and neurobiology; and economics and business. The book has six areas of focus: historical foundations; cognitive consistency and inconsistency; heuristics and biases; neuroeconomics and neurobiology; developmental and individual differences; and improving decisions. Throughout, the contributors draw out implications from traditional behavioral research as well as evidence from neuroscience. In recent years, neuroscientific methods have matured, beyond being simply correlational and descriptive, into theoretical prediction and explanation, and this has opened up many new areas of discovery about economic behavior that are reviewed in the book. In the final part, there are applications of the research to cognitive development, individual differences, and the improving of decisions. The book takes a broad perspective and is written in an accessible way so as to reach a wide audience of advanced students and researchers interested in behavioral economics and related areas. This includes neuroscientists, neuropsychologists, clinicians, psychologists (developmental, social, and cognitive), economists and other social scientists; legal scholars and criminologists; professionals in public health and medicine; educators; evidence-based practitioners; and policy-makers.

Decisions, Uncertainty, and the Brain

Paul W. Glimcher
Decisions Uncertainty and the Brain Book PDF

Author : Paul W. Glimcher
Publisher : MIT Press
Page : 404 pages
File Size : 43,5 Mb
Release : 2004-09-17
Category : Medical
ISBN : 0262572273

Get Book

Decisions, Uncertainty, and the Brain by Paul W. Glimcher Pdf

In this provocative book, Paul Glimcher argues that economic theory may provide an alternative to the classical Cartesian model of the brain and behavior. Glimcher argues that Cartesian dualism operates from the false premise that the reflex is able to describe behavior in the real world that animals inhabit. A mathematically rich cognitive theory, he claims, could solve the most difficult problems that any environment could present, eliminating the need for dualism by eliminating the need for a reflex theory. Such a mathematically rigorous description of the neural processes that connect sensation and action, he explains, will have its roots in microeconomic theory. Economic theory allows physiologists to define both the optimal course of action that an animal might select and a mathematical route by which that optimal solution can be derived. Glimcher outlines what an economics-based cognitive model might look like and how one would begin to test it empirically. Along the way, he presents a fascinating history of neuroscience. He also discusses related questions about determinism, free will, and the stochastic nature of complex behavior.

Neuroeconomics

Daniel Houser,Kevin McCabe
Neuroeconomics Book PDF

Author : Daniel Houser,Kevin McCabe
Publisher : Emerald Group Publishing
Page : 280 pages
File Size : 51,8 Mb
Release : 2008-12-01
Category : Health & Fitness
ISBN : 9781848553057

Get Book

Neuroeconomics by Daniel Houser,Kevin McCabe Pdf

Considers the various topics in health economics including the production of and demand for health; the demand for medical care services; the financing of these services; the markets for physicians, nurses, dentists, hospitals, and drugs; the economics of substance use; health in developing countries; and, the economics of medical technology.

Foundations of Neuroeconomic Analysis

Paul W. Glimcher
Foundations of Neuroeconomic Analysis Book PDF

Author : Paul W. Glimcher
Publisher : OUP USA
Page : 488 pages
File Size : 54,9 Mb
Release : 2011
Category : Medical
ISBN : 9780199744251

Get Book

Foundations of Neuroeconomic Analysis by Paul W. Glimcher Pdf

Neuroeconomics has emerged at the border of the social and natural sciences. This book 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 develop formally a foundational approach for the field.

Behavioral Decision Theory

Kazuhisa Takemura
Behavioral Decision Theory Book PDF

Author : Kazuhisa Takemura
Publisher : Springer Nature
Page : 389 pages
File Size : 51,9 Mb
Release : 2021-09-29
Category : Business & Economics
ISBN : 9789811654534

Get Book

Behavioral Decision Theory by Kazuhisa Takemura Pdf

This book is the second edition of Behavioral Decision Theory, published in 2014. The main approach and structure of this book have been retained in the new edition. However, this second edition provides a fresh overview of the idea of behavioral decision theory and related research findings such as theoretical and empirical discoveries of preference formation, time discounting, social interaction, and social decision making. The book covers a wide range from classical to relatively recent major studies concerning behavioral decision theory, which, in brief, is a general term for descriptive theories to explain the psychological knowledge related to people’s decision-making behavior. It is called a theory but is actually a combination of various psychological theories, for which no axiomatic systems—such as those associated with the utility theory widely used in economics—have been established. The utility theory is often limited to qualitative knowledge; however, as the studies of Nobel laureates H. A. Simon, D. Kahneman, and R. Thaler have suggested, the psychological methodology and knowledge of behavioral decision theory have been applied widely in such fields as economics, business administration, and engineering and are expected to become even more useful in the future. Research into people’s decision making represents an important part in those fields, various aspects of which overlap with the scope of behavioral decision theory. This theory is closely related to behavioral economics and behavioral finance, which have come into greater use in recent years. This book will appeal especially to graduate students, advanced undergraduate students, and researchers who are interested in decision-making phenomena.

Vigor

Reza Shadmehr,Alaa A. Ahmed
Vigor Book PDF

Author : Reza Shadmehr,Alaa A. Ahmed
Publisher : MIT Press
Page : 369 pages
File Size : 43,7 Mb
Release : 2020-07-21
Category : Science
ISBN : 9780262358705

Get Book

Vigor by Reza Shadmehr,Alaa A. Ahmed Pdf

An examination of the link between the vigor with which we move and the value that the brain assigns to the goal of the movement. Why do we reflexively run toward people we love, but only walk toward others? In Vigor, Reza Shadmehr and Alaa Ahmed examine the link between how the brain assigns value to things and how it controls our movements. They find that brain regions thought to be principally involved in decision making also affect movement vigor--and that brain regions thought to be principally responsible for movement also bias patterns of decision making.

Neuroeconomics

Laurie R. Santos,Michael L. Platt
Neuroeconomics Book PDF

Author : Laurie R. Santos,Michael L. Platt
Publisher : Elsevier Inc. Chapters
Page : 560 pages
File Size : 53,5 Mb
Release : 2013-08-13
Category : Medical
ISBN : 9780128073148

Get Book

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.

Neuroeconomics and the Firm

Angela A. Stanton,Mellani Day,Isabell M. Welpe
Neuroeconomics and the Firm Book PDF

Author : Angela A. Stanton,Mellani Day,Isabell M. Welpe
Publisher : Edward Elgar Publishing
Page : 347 pages
File Size : 55,8 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781849805605

Get Book

Neuroeconomics and the Firm by Angela A. Stanton,Mellani Day,Isabell M. Welpe Pdf

Do people with high testosterone levels make decisions the same way as people with lower testosterone? Do men change their behavior when a pretty woman enters the office? Do women change their behavior when a handsome man enters the office? Do men and women affect each other within the firm to the detriment or the benefit of the firm? In some ways, the questions this edited volume addresses are questions that we are all familiar with and have asked for many years. It suggests looking for answers in places that that we have never thought of before. Some of the chapters will surprise you with their ingenious, simple answers and propositions; some will perhaps make you feel awkward with their straight-forward way of presenting what we all suspected but felt uncomfortable to talk about. From the foreword by David B. Audretsch This volume brings together leading researchers from a variety of fields to investigate the concept of the firm from new perspectives arising from neuroeconomics. The traditional theory of the firm has focused on the strategic, operational and resource management objectives of the firm as an organization. This timely and informative book explores new horizons in the biology of human decision-making and behavior, including uncertainty, entrepreneurship and ethics as it affects the functioning of the organization. The fascinating chapters cover a wide range of research fields, drawing on both the conscious and the unconscious mind, and how common hormonal cycles in the female and testosterone variations in the male affect each other in the workplace and its affect on the firm as an organization. The topics of entrepreneurship and the recent global financial crisis are discussed from the perspective of hormonal forces and the implications of those forces in the future. It is an enlightening selection of articles that scholars, students, business leaders, and managers will find a valuable read. Vernon L. Smith, 2002 Nobel Laureate in Economics The ideal firm has been studied over several centuries, yet little is known about what makes one successful and another fail. This pioneering book brings together leading researchers investigating the concept of the firm from a neuroscientific perspective. From the viewpoint of economics, the firm's purpose is to maximize shareholders' wealth; resources are commodities, each with its particular supply and demand curve that can be manipulated by the firm to its own benefit. Traditionally, the firm is focused on the strategic, operational and resource management objectives. The editors instead suggest that the objective of the firm is equal to the objectives of its workers. The definition and function of risk in decision-making, ethics, trust and the global financial crisis are all discussed. They are analyzed from the perspective of human bio-physiology, using scanning and hormonal analysis tools, with a focus on the implications for the bottom line of the firm. With experimental as well as theoretical and applied contributions, this book will benefit scholars and students of economics, business management, finance, organizational behavior, entrepreneurship, psychology, neuroscience and law. Practitioners of management, entrepreneurship and law firms will also find this book to be a captivating read.