A critical component of both economic and perceptual decision-making under uncertainty is the belief formation process. However, most research has studied belief formation in economic and perceptual decision-making in isolation. One reason for this separate treatment may be the assumption that...

Financial decisions are among the most important life-shaping decisions that people make. We review facts about financial decisions and what cognitive and neural processes influence them. Because of cognitive constraints and a low average level of financial literacy, many household decisions...

The standard assumption in social learning environments is that agents learn from others through choice outcomes. We argue that in many settings, agents can also infer information from others' response times (RT), which can increase efficiency. To investigate this, we conduct a standard...

We use neural data collected from an experimental asset market to measure regret preferences while subjects trade stocks. When subjects observe a positive return for a stock they chose not to purchase, a regret signal is observed in an area of the brain that is commonly active during reward...