Neuroeconomics

Neuroeconomics
Author: Paul W. Glimcher,Ernst Fehr
Publsiher: Academic Press
Total Pages: 560
Release: 2013-08-13
ISBN 10: 0123914698
ISBN 13: 9780123914699
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

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

Neuroeconomics
Author: Martin Reuter,Christian Montag
Publsiher: Springer
Total Pages: 511
Release: 2016-10-06
ISBN 10: 364235923X
ISBN 13: 9783642359231
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

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

Neuroeconomics
Author: Paul W. Glimcher,Ernst Fehr,Colin Camerer,Russell Alan Poldrack
Publsiher: Academic Press
Total Pages: 556
Release: 2008-10-10
ISBN 10: 9780080921068
ISBN 13: 008092106X
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

Neuroeconomics is a new highly promising approach to understanding the neurobiology of decision making and how it affects cognitive social interactions between humans and societies/economies. This book is the first edited reference to examine the science behind neuroeconomics, including how it influences human behavior and societal decision making from a behavioral economics point of view. Presenting a truly interdisciplinary approach, Neuroeconomics presents research from neuroscience, psychology, and behavioral economics, and includes chapters by all the major figures in the field, including two Economics Nobel laureates. * An authoritative reference written and edited by acknowledged experts and founders of the field * Presents an interdisciplinary view of the approaches, concepts, and results of the emerging field of neuroeconomics relevant for anyone interested in this area of research * Full-color presentation throughout with carefully selected illustrations to highlight key concepts

Neuroeconomics

Neuroeconomics
Author: Daniel Houser,Kevin McCabe
Publsiher: Emerald Group Publishing
Total Pages: 280
Release: 2008-12-01
ISBN 10: 1848553048
ISBN 13: 9781848553040
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

Considers the various topics in health economics including the production of and demand for health; the demand for medical care services; the financing of these services; the markets for physicians, nurses, dentists, hospitals, and drugs; the economics of substance use; health in developing countries; and, the economics of medical technology.

Neuroeconomics and the Firm

Neuroeconomics and the Firm
Author: Angela A. Stanton,Mellani Day,Isabell M. Welpe
Publsiher: Edward Elgar Publishing
Total Pages: 352
Release: 2010-01-01
ISBN 10: 1849805601
ISBN 13: 9781849805605
Language: EN, FR, DE, ES & NL

Neuroeconomics and the Firm Book Review:

Do people with high testosterone levels make decisions the same way as people with lower testosterone? Do men change their behavior when a pretty woman enters the office? Do women change their behavior when a handsome man enters the office? Do men and women affect each other within the firm to the detriment or the benefit of the firm? In some ways, the questions this edited volume addresses are questions that we are all familiar with and have asked for many years. It suggests looking for answers in places that that we have never thought of before. Some of the chapters will surprise you with their ingenious, simple answers and propositions; some will perhaps make you feel awkward with their straight-forward way of presenting what we all suspected but felt uncomfortable to talk about. From the foreword by David B. Audretsch This volume brings together leading researchers from a variety of fields to investigate the concept of the firm from new perspectives arising from neuroeconomics. The traditional theory of the firm has focused on the strategic, operational and resource management objectives of the firm as an organization. This timely and informative book explores new horizons in the biology of human decision-making and behavior, including uncertainty, entrepreneurship and ethics as it affects the functioning of the organization. The fascinating chapters cover a wide range of research fields, drawing on both the conscious and the unconscious mind, and how common hormonal cycles in the female and testosterone variations in the male affect each other in the workplace and its affect on the firm as an organization. The topics of entrepreneurship and the recent global financial crisis are discussed from the perspective of hormonal forces and the implications of those forces in the future. It is an enlightening selection of articles that scholars, students, business leaders, and managers will find a valuable read. Vernon L. Smith, 2002 Nobel Laureate in Economics The ideal firm has been studied over several centuries, yet little is known about what makes one successful and another fail. This pioneering book brings together leading researchers investigating the concept of the firm from a neuroscientific perspective. From the viewpoint of economics, the firm's purpose is to maximize shareholders' wealth; resources are commodities, each with its particular supply and demand curve that can be manipulated by the firm to its own benefit. Traditionally, the firm is focused on the strategic, operational and resource management objectives. The editors instead suggest that the objective of the firm is equal to the objectives of its workers. The definition and function of risk in decision-making, ethics, trust and the global financial crisis are all discussed. They are analyzed from the perspective of human bio-physiology, using scanning and hormonal analysis tools, with a focus on the implications for the bottom line of the firm. With experimental as well as theoretical and applied contributions, this book will benefit scholars and students of economics, business management, finance, organizational behavior, entrepreneurship, psychology, neuroscience and law. Practitioners of management, entrepreneurship and law firms will also find this book to be a captivating read.

Neuroeconomics

Neuroeconomics
Author: Peter Politser
Publsiher: Oxford University Press
Total Pages: 240
Release: 2008-03-12
ISBN 10: 9780198041689
ISBN 13: 0198041683
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

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.

Neuroeconomics Hype or Hope

Neuroeconomics  Hype or Hope
Author: Caterina Marchionni,Jack Vromen
Publsiher: Routledge
Total Pages: 134
Release: 2014-06-11
ISBN 10: 131797736X
ISBN 13: 9781317977360
Language: EN, FR, DE, ES & NL

Neuroeconomics Hype or Hope Book Review:

Is neuroeconomics a flimsy fad likely to pass without leaving a discernible trace in economics? Or is it a promising new field with the potential to enrich and improve economic theory? Neuroeconomics brings together a unique mix of perspectives ranging from philosophy of science to neuroeconomics practice to reflect on the promises and limitations of neuroeconomics for the future of economics. The analyses collected in the volume suggest that although neuroeconomics raises methodological worries that ought to be dealt with, it might contribute to economics in various ways, some perhaps more promising than others. One thing comes out clearly, though: a complete insulation of economics from neuroscience and psychology is likely to do economics more harm than good. This book was originally published as a special issue of Journal of Economic Methodology.

Neuroeconomics

Neuroeconomics
Author: Anonim
Publsiher: Frontiers E-books
Total Pages: 329
Release:
ISBN 10: 2889190277
ISBN 13: 9782889190270
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

Neuroeconomics Judgment and Decision Making

Neuroeconomics  Judgment  and Decision Making
Author: Evan A. Wilhelms,Valerie F. Reyna
Publsiher: Psychology Press
Total Pages: 292
Release: 2014-07-11
ISBN 10: 1317652746
ISBN 13: 9781317652748
Language: EN, FR, DE, ES & NL

Neuroeconomics Judgment and Decision Making Book Review:

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 the Odyssey

Neuroeconomics  the Odyssey
Author: Varoozh Sahakian
Publsiher: Xlibris Corporation
Total Pages: 329
Release: 2012-08-06
ISBN 10: 1477155201
ISBN 13: 9781477155202
Language: EN, FR, DE, ES & NL

Neuroeconomics the Odyssey Book Review:

Armenian origin neuroeconomist, Varoozh Sahakian, holds D.B.A., Ph.D degrees in Economics & a Ph.D in Sociology. His disappointment with thetraditional neoclassical economic theory top-down"macho-biased" approach to homo-economicus, alongwith his belief that homo-sapines choicebehavior & decision-making is limited mainly by his/her biology, or in other words, economics actually is apart of biology science, motivated him to gather deepknowledge about human bilology, brain & nervoussystem, gender differences, genetic and hormonal &chemical functions. The "Female brain unearths the neoclassicaleconomic theory biases/ anomalies, " book is the first oftwo books the author has written about this newborn, yet, burgeoning field of "Neuro-economics, " a highlypromising human science approach to understandingthe neurobiological bases of human choice behaviorand decision-making processes. The author presents a very promising andblossoming scientific field, which portrays a moreaccurate and real & candid picture of human naturethan neoclassical reductionist economic theory.In many aspects, neuroeconomics approach is apositive, constructive one, helping to explain thehuman capacity for kindness and cooperation andthe centrality of fairness to social emotions, morality &norms (by-passed by many Walrasian and neoclassicaladvocates). The book, after all, introduces an economicagent who is not necessarily acquisitive automationconditioned always to narrow self-interest, likeneoclassical economic theory's unisex (macho)or unsex, but can be a female &male, young & olddecision maker. In other words, it introduces a morereal, "whole human:" A 'Homo-Neuro-Economicus.'The most outstanding initiative of the bookis the introduction of a feminist economic theory, its critical approach to the neoclassical economictheory, supported interestingly not only by sociocultural/historical insights but by neuro-biological, psychological, gender, chemical & hormonal evidence, too. The author envisions, that this challengingdiscipline is likely, once for all, to realize Adam Smith & David Hume's dream by providing;"A unified theory of human choice behaviorand decision-making in the forthcoming future."

Decisions Uncertainty and the Brain

Decisions  Uncertainty  and the Brain
Author: Paul W. Glimcher
Publsiher: MIT Press
Total Pages: 375
Release: 2004
ISBN 10: 9780262572279
ISBN 13: 0262572273
Language: EN, FR, DE, ES & NL

Decisions Uncertainty and the Brain Book Review:

An original argument for abandoning classical Cartesian dualism in favor of a model of brain and behavior based on classical microeconomics theory.

Foundations of Neuroeconomic Analysis

Foundations of Neuroeconomic Analysis
Author: Paul W. Glimcher
Publsiher: OUP USA
Total Pages: 467
Release: 2011
ISBN 10: 0199744254
ISBN 13: 9780199744251
Language: EN, FR, DE, ES & NL

Foundations of Neuroeconomic Analysis Book Review:

Neuroeconomics has emerged at the border of the social and natural sciences. This book 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 develop formally a foundational approach for the field.

Social Neuroeconomics

Social Neuroeconomics
Author: Jens Harbecke,Carsten Herrmann-Pillath
Publsiher: Routledge
Total Pages: 276
Release: 2020-09-23
ISBN 10: 1000097501
ISBN 13: 9781000097504
Language: EN, FR, DE, ES & NL

Social Neuroeconomics Book Review:

Neuroeconomics has emerged as a paradigmatic field where neuroscience and the social sciences are integrated in one analytical and empirical approach. However, the different disciplines involved often only relate to each other via the shared object of research, and less through the constructing of precise models of integrative mechanisms. Social Neuroeconomics explores the potential of philosophical and methodological reflections in the neurosciences and the social sciences to inform those efforts at cross-disciplinary integration, with a special focus on recent contributions to mechanistic explanations. The collected essays are drawn from the fields of neuroscience, psychology, economics, sociology and philosophy, and examine the ways and methods of constructing unified conceptual frameworks that can guide empirical work and hypothesis building. This is demonstrated in a range of applications, particularly regarding finance and consumer behavior. The concept of the ‘social brain’ is also explored; a multilevel framework in which complex analytical categories such as emotions or socially mediated cognitive processes connect neuronal and social phenomena in specific mechanisms that generate behavior. This book addresses a wide audience across the various disciplines, reaching from the neurosciences to the social sciences and philosophy.

Neuroeconomics

Neuroeconomics
Author: Andrew Caplin,Paul W. Glimcher
Publsiher: Elsevier Inc. Chapters
Total Pages: 560
Release: 2013-08-13
ISBN 10: 012807308X
ISBN 13: 9780128073087
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

Much of neuroeconomics rests on an understanding of basic microeconomic thought. This chapter presents a concise overview of the main threads in modern economic studies of decision making. Beginning with a review of the history of both pricing theory and choice theory, the chapter describes the Marginal Revolution. It then goes on to develop Samuelson’s fundamental Revealed Preference approach and the notion of axiomatic proof. Several of the most important theories that grew from Samuleson’s work, including Expected Utility Theory, are described. The chapter concludes with a discussion of how axiomatic modeling approaches can be used as powerful tools in neuroscientific/neuroeconomic research by describing axiomatic studies of dopamine function.

Neuroeconomics and the Decision Making Process

Neuroeconomics and the Decision Making Process
Author: Christiansen, Bryan
Publsiher: IGI Global
Total Pages: 354
Release: 2016-03-17
ISBN 10: 1466699906
ISBN 13: 9781466699908
Language: EN, FR, DE, ES & NL

Neuroeconomics and the Decision Making Process Book Review:

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.

Midbrain Mutiny

Midbrain Mutiny
Author: Don Ross,Carla Sharp,Rudy E. Vuchinich,David Spurrett
Publsiher: MIT Press
Total Pages: 312
Release: 2012-01-13
ISBN 10: 0262264455
ISBN 13: 9780262264457
Language: EN, FR, DE, ES & NL

Midbrain Mutiny Book Review:

An analysis of how economic theories can be used to understand disordered and pathological gambling that calls on empirical evidence about behavior and the brain and argues that addictive gambling is the basic form of all addiction. The explanatory power of economic theory is tested by the phenomenon of irrational consumption, examples of which include such addictive behaviors as disordered and pathological gambling. Midbrain Mutiny examines different economic models of disordered gambling, using the frameworks of neuroeconomics (which analyzes decision making in the brain) and picoeconomics (which analyzes patterns of consumption behavior), and drawing on empirical evidence about behavior and the brain. The book describes addiction in neuroeconomic terms as chronic disruption of the balance between the midbrain dopamine system and the prefrontal and frontal serotonergic system, and reviews recent evidence from trials testing the effectiveness of antiaddiction drugs. The authors argue that the best way to understand disordered and addictive gambling is with a hybrid picoeconomic-neuroeconomic model.

Neuroeconomics

Neuroeconomics
Author: Ernst Fehr,Ian Krajbich
Publsiher: Elsevier Inc. Chapters
Total Pages: 560
Release: 2013-08-13
ISBN 10: 0128073187
ISBN 13: 9780128073186
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

What motivates people to care about others is a fundamental question in the social and cognitive sciences. Here we discuss economic models of social preferences and how they help us to understand the psychological costs and benefits in social decisions. We then analyze recent neuroeconomic findings on social preferences with the goal of creating a coherent picture of the neural circuitry involved in social decisions. We argue that the insula and anterior cingulate cortex first determine what is socially appropriate and whether any norms have or will be violated, the amygdala generates emotional responses to these outcomes, the temporoparietal junction promotes perspective-taking, and finally the dorsolateral prefrontal cortex incorporates this information to modulate the overall utilities, and thus decisions, in the striatum and ventromedial prefrontal cortex. We conclude by discussing the implications of this research for understanding deficits in social behavior and how to potentially improve our own social behavior.

Neuroeconomics

Neuroeconomics
Author: Molly J. Crockett,Ernst Fehr
Publsiher: Elsevier Inc. Chapters
Total Pages: 560
Release: 2013-08-13
ISBN 10: 0128073217
ISBN 13: 9780128073216
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

In this chapter we present a survey of studies employing pharmacological manipulations in humans to elucidate the psychological and neural mechanisms underlying the neuromodulation of economic and social preferences. We will review research examining the effects of changes in neurotransmitters (including serotonin, dopamine, and noradrenaline) and hormones (such as oxytocin and testosterone) on human decision making. Recent studies have shown these neuromodulatory systems to play a key role in shaping time, risk, and social preferences. We will consider how the involvement of these evolutionarily ancient chemical systems in basic learning and affective processes scales up to impact complex decision making in economic and social settings.

Neuroeconomics

Neuroeconomics
Author: Eric J. Johnson,Roger Ratcliff
Publsiher: Elsevier Inc. Chapters
Total Pages: 560
Release: 2013-08-13
ISBN 10: 0128073101
ISBN 13: 9780128073100
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

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

Neuroeconomics
Author: Colin F. Camerer,Todd A. Hare
Publsiher: Elsevier Inc. Chapters
Total Pages: 560
Release: 2013-08-13
ISBN 10: 0128073322
ISBN 13: 9780128073322
Language: EN, FR, DE, ES & NL

Neuroeconomics Book Review:

In this chapter, we present a set of concepts and tools for defining and examining strategic choice that are drawn from behavioral economics and discuss how they can be applied to and tested with neuroscience techniques. The standard language for studying strategic choice in economics is game theory. Game theory provides concrete mathematical formulas for linking strategic actions to rewarding payoffs. After outlining the four components necessary to make predictions about strategic social behavior, we present recent evidence that the computations predicted by game theory in specific strategic choice contexts are reflected in the brain. In addition, we discuss links between strategic decision making and the psychological concept of theory of mind. We conclude by suggesting that developing mathematical models of social and strategic actions may aid in the understanding of how the brain implements typical choice behavior as well as categorizing dysfunctions that lead to aberrant behavior in psychiatric disorders.