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Disentangling motivational and experiential aspects of "Utility" : a neuroeconomics perspective
Witt, Ulrich; Binder, Martin - 2011
-dimensional decision outcomes, economic theory assumes a uni-dimensional utility measure. This paper reviews evidence from behavioral and … makers' difficulties can be explained once the motivational aspects of utility ("wanting") are disentangled from the … experiential ones ("liking") and the features of the different psychological processes involved are recognized. -- utility …
Persistent link: https://www.econbiz.de/10009409675
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Neural Random Utility : Relating Cardinal Neural Observables to Stochastic Choice Behaviour'
Webb, Ryan; Glimcher, Paul; Levy, Ifat; Lazzaro, Stephanie - 2019
We assess whether a cardinal model can be used to relate neural observables to stochastic choice behaviour. We develop a general empirical framework for relating any neural observable to choice prediction, and propose a means of bench-marking their predictive power. In a previous study,...
Persistent link: https://www.econbiz.de/10014165905
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How mindless is standard economics really?
Schipper, Burkhard - 2009
Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is "incomplete". That is, it has content that can not be revealed with any general...
Persistent link: https://www.econbiz.de/10003894920
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Neuronal utility and choice by an organism
Valdés-Edwards, Gonzalo; Valdés Prieto, Salvador - 2015
Persistent link: https://www.econbiz.de/10011565907
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Neural antecedents of a random utility model
Lusk, Jayson L.; Crespi, John M.; McFadden, Brandon R.; … - In: Journal of economic behavior & organization : JEBO 132 (2016) 1, pp. 93-103
Persistent link: https://www.econbiz.de/10011703086
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Top-down or bottom-up? : disentangling channels of attention in risky choice
Engelmann, Jan; Hirmas, Alejandro; Weele, Joël J. van der - 2021
understanding of their relative importance. We propose a multi-attribute random utility model that unifies prior theoretical …
Persistent link: https://www.econbiz.de/10012510861
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A tractable theory of choice based on cell behavior
Valdés-Edwards, Gonzalo; Valdés Prieto, Salvador - 2013
This paper presents a choice model based on a model for the behavior of brain cells that is based on neurological findings. The paper shows that it is possible to define choice as the result of a series of interconnected cellular processes, instead of framing the problem from the point of view...
Persistent link: https://www.econbiz.de/10010192076
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Decision Neuroscience and Aging
Samanez-Larkin, Gregory R. - 2015
Until recently we have known little about how core decision processes change with age and how aging may impact the structure and function of corresponding ventromedial frontostriatal neural systems (Samanez-Larkin & Knutson, 2014). The chapter begins by briefly orienting the reader to...
Persistent link: https://www.econbiz.de/10013015918
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Financial Decision Making and the Aging Brain
Samanez-Larkin, Gregory R. - 2016
We are currently at a unique moment in human history where demographic changes are and will continue to drastically alter the profile of decision makers in the global population. These changes highlight the challenges (e.g., rising entitlement costs) but also opportunities of a graying...
Persistent link: https://www.econbiz.de/10012995871
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Commentary on Edmund Rolls: "Emotion and reason in human decision-making"
Solms, Mark - 2019
In his paper Emotion and reasoning in human decision-making (Economics Discussion Papers, No 2019-8) Edmund Rolls points out that multiple and independent types of reinforcement exist in the human brain, and that they cannot be reduced to a common currency. The present commentary introduces...
Persistent link: https://www.econbiz.de/10012035104