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Decision making can be a complex process requiring the integration of several attributes of choice options … functional magnetic resonance imaging (fMRI) data from an investment decision (ID) study for ID-related effects. We propose a new … technique for identifying activated brain regions: Cluster, Estimation, Activation and Decision (CEAD) method. Our analysis is …
Persistent link: https://www.econbiz.de/10010379977
. We discuss how these findings relate to both dual-system and unitarysystem theories of decision making.We observe that … predictions of both recent dual-system and drift–diffusion models of the decision-making process are confirmed by our data and …
Persistent link: https://www.econbiz.de/10011438007
by many theories of choice and implies that the decision-maker prefers receiving the best outcome for sure over all … treatments where decision-makers are asked to submit multiple decisions without knowing which one is relevant, many participants … decision. A large data set on (high-stake) university applications in Germany shows patterns that are consistent with a …
Persistent link: https://www.econbiz.de/10009681824
is not recognized. -- information cascade ; Bayes' Rule ; decision under risk and uncertainty ; experimental economics …
Persistent link: https://www.econbiz.de/10003402312
Traditional choice models assume that observable behavior results from an unspecified evaluation process of the observed individual. When it comes to the revelation of this process mere choice models rapidly meet their boundaries, as psychological factors (e.g., consumers' perception or...
Persistent link: https://www.econbiz.de/10003635041
Learning by following explicit advice is fundamental for human cultural evolution, yet the neurobiology of adaptive social learning is largely unknown. Here, we used simulations to analyze the adaptive value of social learning mechanisms, computational modeling of behavioral data to describe...
Persistent link: https://www.econbiz.de/10009229737
neurobiological underpinnings of human decision making involving the integration of different values. …
Persistent link: https://www.econbiz.de/10009229769
Risk attitude and perception is reflected in brain reactions during RPID experiments. Given the fMRI data, an important research question is how to detect risk related regions and to investigate the relation between risk preferences and brain activity. Conventional methods are often insensitive...
Persistent link: https://www.econbiz.de/10010529349
publications. We discuss the implications for policy and decision making and suggest recommendations for research management of …
Persistent link: https://www.econbiz.de/10011760360
A new test for constant correlation is proposed. Based on the bivariate Student-t distribution, this test is derived as Lagrange multiplier (LM) test. Whereas most of the traditional tests (e.g. Jennrich, 1970, Tang, 1995 and Goetzmann, Li & Rouwenhorst, 2005) specify the unknown correlations as...
Persistent link: https://www.econbiz.de/10003633489