Decision Making and the Brain

Edited by

  • Paul W. Glimcher, New York University, Center for Neural Sciences, NY, USA
  • Ernst Fehr, University of Zurich, Department of Economics, Laboratory for the Study of Social and Neural Systems
  • Colin Camerer, CalTech, Division of the Humanities and Social Sciences, Pasadena, USA
  • Russell Poldrack, University of California, Los Angeles, USA

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.
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Researchers and graduate students in: neuroeconomics, cognitive neuroscience, cognitive psychology, systems neuroscience, behavioral neuroscience, cognitive psychology, neuropsychology, as well as behavioral and theoretical economics.


Book information

  • Published: October 2008
  • ISBN: 978-0-12-374176-9


'Neuroeconomics is a timely collection of papers by leading researchers from both sides of the border between economics and neuroscience. The papers reflect a high level of focused communication between scholars in fields that until recently studied decision-making at different levels using different methods, with little fruitful interaction. The book should be of interest to anyone who would like to know how a deeper understanding of process can enrich and refine economic theories of decision-making; to anyone who would like to know how economic theory can inform research in neuroscience; or simply to anyone who has ever wondered about the mechanics of how decisions are made in the brain, and what it means about human nature.' – Vince Crawford, Distinguished Professor of Economics, University of California, San Diego, USA

'Neuroeconomics: Decision Making and the Brain is a landmark publication in the rapidly expanding field of neuroeconomics. The list of contributors is exceptional.  The content is completely up to date and forward looking.  For the foreseeable future, this will be the standard reference for newcomers and experienced researchers alike.' – David Laibson, Professor of Economics, Harvard University, USA

'Economists pride themselves of rigorous parsimony. By taking the neural correlates of behavior into account, potentially explanatory variables explode. This book shows when digging deeper nonetheless pays for economics, and how to do it well.' - Christoph Engel, Director, Max Planck Institute for Research on Collective Goods, Bonn, Germany

'This collection of chapters on neuroeconomics provides an integrated introduction to how brains compute value, make choices, interact socially and collectively create economics. Neuroeconomics is also a fascinating story of how a new paradigm emerged from the collision of two parent disciplines and is continuing to evolve in often surprising directions.' - Terrence Sejnowski, Professor and Director,
Computational Neurobiology Laboratory, Howard Hughes Medical Institute, Salk Institute for Biological Studies, University of California, San Diego, USA

'For those onlookers who can't quite accept that neuroscience may provide insight into how we decide what course of action to follow, the contributors to this comprehensive volume offer some very compelling, and very serious experimental and theoretical insights. Highly recommended, and enormously provocative.' - Floyd Bloom, Professor Emeritus, Molecular and Integrative Neuroscience Department, The Scripps Research Institute, La Jolla, USA

'Paul Glimcher is one of the founders of and most distinguished contributors to the emerging science of neuroeconomics. He has edited a volume that offers a clear view into the brains of some of the field's most active investigators.' – Alvin E. Roth, George Gund Professor of Economics and Business Administration, Harvard University, USA

Table of Contents

Editor in Chief: Paul W. Glimcher, New York UniversityAssociate Editors: Colin Camerer, CalTechErnst Fehr, University of ZurichRuss Poldrak, UCLAWolfram Schultz: Dopamine and DecisionCamillo Padua-Schioppa and John Assad: Coding Reward Value in the Orbitofrontal CortexRuss Poldrak and Craig Fox: Prospect Theory, Decision and RiskBrian Knutson and Maricio Delgado: Neural Representations of ValueElke Weber: Neural Representations of Risk and Risk AversionDavid Laibson: Decisions in Time: Temporal DiscountingGeorge Loewenstein and Jon Cohen: Multiple-Selves Approaches to the Study of DecisionPaul Glimcher: A Generalized Theory of Neural DecisionElizabeth Phelps: Fear, Emotion and DecisionMichael Platt: The Neurobiology of Social Decision in Non-Human PrimatesRead Montague: 2-person games and decisionKevin McCabe and Vernon Smith: Cooperation and Social Decision MakingErnst Fehr: Social Decision making, Trust and Inequity AversionAldo Rustichini and Andrew Caplin: Axiomatic Approaches to NeuroeconomicsColin Camerer: Games and Decision, a Neurocognitive Approach