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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

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

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

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

The utility of goods or actions? : a neurophilosophical assessment of a recent neuroeconomic controversy

Petracca, Enrico - In: Economics and philosophy 39 (2023) 3, pp. 351-372

Persistent link: https://www.econbiz.de/10014436808

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

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

Disentangling motivational and experiential aspects of "utility" : a neuroeconomics perspective

Witt, Ulrich; Binder, Martin - In: Journal of economic psychology : research in economic … 36 (2013), pp. 27-40

Persistent link: https://www.econbiz.de/10009751700

Neuronal utility and choice by an organism

Valdés-Edwards, Gonzalo; Valdés Prieto, Salvador - 2015

Persistent link: https://www.econbiz.de/10011565907

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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