Neuroeconomics Judgment And Decision Making

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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 : 310 pages
File Size : 50,6 Mb
Release : 2014-07-11
Category : Psychology
ISBN : 9781317652748

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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.

Neuroeconomics

Paul W. Glimcher,Ernst Fehr
Neuroeconomics Book PDF

Author : Paul W. Glimcher,Ernst Fehr
Publisher : Academic Press
Page : 560 pages
File Size : 51,7 Mb
Release : 2013-08-13
Category : Psychology
ISBN : 9780123914699

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Neuroeconomics by Paul W. Glimcher,Ernst Fehr 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

Martin Reuter,Christian Montag
Neuroeconomics Book PDF

Author : Martin Reuter,Christian Montag
Publisher : Springer
Page : 511 pages
File Size : 53,6 Mb
Release : 2016-10-06
Category : Psychology
ISBN : 9783642359231

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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 : 45,9 Mb
Release : 2013-08-13
Category : Medical
ISBN : 9780128073100

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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, 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 : 48,5 Mb
Release : 2014-07-11
Category : Psychology
ISBN : 9781317652731

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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.

Individual Differences in Judgement and Decision-Making

Maggie E. Toplak,Joshua Weller
Individual Differences in Judgement and Decision Making Book PDF

Author : Maggie E. Toplak,Joshua Weller
Publisher : Psychology Press
Page : 260 pages
File Size : 45,5 Mb
Release : 2016-11-25
Category : Psychology
ISBN : 9781317265313

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Individual Differences in Judgement and Decision-Making by Maggie E. Toplak,Joshua Weller Pdf

Children face an overwhelming amount of information and a range of different choices every day, and so there has never been a more important time to understand how children learn to make judgments and decisions in our modern world. Individual Differences in Judgment and Decision-Making presents cutting-edge developmental research to advance our knowledge and understanding of how these competencies emerge. Focusing on the role of individual differences, the text provides a complementary theoretical approach to understanding the development of judgment and decision-making skills, and how and why these competencies vary within and between different periods of development. Sampling a diverse set of developmental paradigms and measures, as well as considering typical and atypically developing samples, this volume provokes thinking about how we can support our children and youth to help them make better choices. Drawing on the expertise of a range of international contributors, this book will be of interest to students and researchers of thinking and reasoning from both cognitive and developmental psychology backgrounds.

Neuroeconomics

Peter Politser
Neuroeconomics Book PDF

Author : Peter Politser
Publisher : Oxford University Press
Page : 240 pages
File Size : 49,7 Mb
Release : 2008-03-12
Category : Psychology
ISBN : 9780190294229

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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.

Judgment and Decision-Making

Nancy S. Kim
Judgment and Decision Making Book PDF

Author : Nancy S. Kim
Publisher : Bloomsbury Publishing
Page : 454 pages
File Size : 53,8 Mb
Release : 2017-10-19
Category : Psychology
ISBN : 9781350312210

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Judgment and Decision-Making by Nancy S. Kim Pdf

How do we make the judgments that inform our lives? Is there any way of consciously removing bias from the choices we make? What do our everyday personal decisions have in common with those made by groups, companies, and even nations? In this engaging and innovative textbook, Nancy Kim presents a multidisciplinary introduction to the dynamic field of judgment and decision-making. This lucidly written text delivers insights from cognitive psychology, aptly combining with interdependent findings from fields as diverse as neuropsychology, behavioural economics, social, developmental and clinical psychology, and philosophy. Offering not only a comprehensive explanation of the neurological structures and cognitive processes that underlie how we make decisions and form judgments in our everyday lives, readers can expect to learn the implications of these decisions upon an individual's prospects for health and longevity. Understanding behaviour is a central aspect of inquiry in the psychology discipline and as such this book is an essential companion for students taking undergraduate psychology, cognitive psychology and cognitive neuroscience courses; particularly those which include a module in judgment and decision-making. This text may also be helpful for undergraduate and postgraduate business courses on the subject.

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 : 55,9 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.

Decisions, Uncertainty, and the Brain

Paul W. Glimcher
Decisions Uncertainty and the Brain Book PDF

Author : Paul W. Glimcher
Publisher : MIT Press
Page : 397 pages
File Size : 49,7 Mb
Release : 2004-09-17
Category : Medical
ISBN : 9780262572279

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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.

Psychology of Judgment and Decision Making - The Comprehensive Guide

VIRUTI SATYAN SHIVAN
Psychology of Judgment and Decision Making The Comprehensive Guide Book PDF

Author : VIRUTI SATYAN SHIVAN
Publisher : Viruti Satyan Shivan
Page : 194 pages
File Size : 44,7 Mb
Release : 2024-06-30
Category : Business & Economics
ISBN : 8210379456XXX

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Psychology of Judgment and Decision Making - The Comprehensive Guide by VIRUTI SATYAN SHIVAN Pdf

Dive deep into the complexities of the human psyche with "Psychology of Judgment and Decision Making - The Comprehensive Guide," your essential resource for understanding the intricate processes that guide how we make decisions and form judgments. This meticulously researched book presents an exhaustive exploration of cognitive biases, heuristics, risk perception, and the impact of emotions on decision-making. Through engaging explanations and real-world examples, readers will gain insights into the psychological mechanisms that influence their daily choices, from the mundane to the monumental. This guide aims to empower individuals with the knowledge to recognize and mitigate cognitive errors, leading to more rational, effective decision-making. For educators, students, professionals, and anyone keen to sharpen their critical thinking skills, this book serves as an invaluable tool. It synthesizes theories and findings from psychology, behavioral economics, and neuroscience, presenting them in a clear, accessible manner. While this comprehensive guide is rich in detail and analysis, it does not contain images or illustrations, adhering to copyright considerations. Instead, it focuses on delivering powerful insights and practical strategies to enhance judgment and decision-making capabilities. Whether you're looking to improve your personal life, boost professional decision-making, or deepen your understanding of human behavior, this book offers the knowledge and tools to transform your approach to making choices.

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 : 43,8 Mb
Release : 2017-10-06
Category : Business & Economics
ISBN : 9783319629384

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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.

Neuroscience of Decision Making

Oshin Vartanian,David R. Mandel
Neuroscience of Decision Making Book PDF

Author : Oshin Vartanian,David R. Mandel
Publisher : Psychology Press
Page : 369 pages
File Size : 54,7 Mb
Release : 2011-04-14
Category : Psychology
ISBN : 9781136859878

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Neuroscience of Decision Making by Oshin Vartanian,David R. Mandel Pdf

The intersection between the fields of behavioral decision research and neuroscience has proved to be fertile ground for interdisciplinary research. Whereas the former is rich in formalized models of choice, the latter is rife with techniques for testing behavioral models at the brain level. As a result, there has been the rapid emergence of progressively more sophisticated biological models of choice, geared toward the development of ever more complete mechanistic models of behavior. This volume provides a coherent framework for distilling some of the key themes that have emerged as a function of this research program, and highlights what we have learned about judgment and decision making as a result. Although topics that are theoretically relevant to judgment and decision making researchers are addressed, the book also ventures somewhat beyond the traditional boundaries of this area to tackle themes that would of interest to a greater community of scholars. Neuroscience of Decision Making provides contemporary and essential reading for researchers and students of cognitive psychology, neuroscience, philosophy, and economics.

Neuroeconomics

Paul W. Glimcher
Neuroeconomics Book PDF

Author : Paul W. Glimcher
Publisher : Elsevier Inc. Chapters
Page : 560 pages
File Size : 42,5 Mb
Release : 2013-08-13
Category : Medical
ISBN : 9780128073278

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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.

Foundations of Neuroeconomic Analysis

Paul W. Glimcher
Foundations of Neuroeconomic Analysis Book PDF

Author : Paul W. Glimcher
Publisher : Oxford University Press
Page : 488 pages
File Size : 52,5 Mb
Release : 2010-11-24
Category : Psychology
ISBN : 9780190453954

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Foundations of Neuroeconomic Analysis by Paul W. Glimcher Pdf

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.