Neuroeconomics

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

 

Book information

  • Published: September 2013
  • Imprint: ACADEMIC PRESS
  • ISBN: 978-0-12-416008-8

Reviews

Reviews for the First Edition
“Neuroeconomics is a timely collection of papers by leading researchers from both sides of the border between economics and neuroscience…The book should be of interest 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


“Economists pride themselves on 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, EXECUTIVE DIRECTOR, MAX PLANCK INSTITUTE FOR RESEARCH ON COLLECTIVE GOODS, BONN, GERMANY


“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, DEPARTMENT OF NEUROPHARMACOLOGY, THE SCRIPPS RESEARCH INSTITUTE, LA JOLLA, USA




Table of Contents

Foreword
Introduction
Section 1: The Fundamental Tools of Neuroeconomics
1. Basic Methods from Neoclassical Economics
2. Experimental Economics and Experimental Game Theory
3. Computational and Process Models of Decision Making in Psychology and Behavioral Economics
4. Estimation and Testing of Computational Psychological Models
5. Introduction to Neuroscience
6. Experimental Methods in Cognitive Neuroscience
7. Evolutionary Anthropological Insights into Neuroeconomics: What Non-Human Primates Can Tell Us about Human Decision-Making Strategies
Section 2: Neural and Psychological Foundations of Economic Preferences
8. The Computation of Stimulus Values in Simple Choice
9. Valuation for Risky and Uncertain Choices
10. Valuation, Intertemporal Choice, and Self-Control
11. Social Preferences and the Brain
12. Neuroeconomics of Emotion and Decision Making
13. Multistage Valuation Signals and Common Neural Currencies
14. Pharmacology of Economic and Social Decision Making
Section 3: Learning and Valuation
15. Value Learning through Reinforcement: The Basics of Dopamine and Reinforcement Learning
16. Advanced Reinforcement Learning
17. The Basal Ganglia, Reinforcement Learning, and the Encoding of Value
18. From Experienced Utility to Decision Utility
Section 4: The Neural Mechanisms for Choice
19. Neural Mechanisms for Perceptual Decision Making
20. Value-based Decision Making
21. Multiple Systems for Valuation Learning
22. Integrating Benefits and Costs in Decision Making
23. Neuronal Circuit Computation of Choice
24. The Neurobiology of Context-Dependent Valuation and Choice
Section 5: Brain Circuitry of Social Valuation and Social Choice
25. The Neural Basis of Strategic Choice
26. Brain Circuitry for Social Decision Making in Non-Human Primates
27. Understanding Others: Brain Mechanisms of Theory of Mind and Empathy
Appendix: Prospect Theory and the Brain
27. Understanding Others: Brain Mechanisms of Theory of Mind and Empathy
Epilogue: Summary, Conclusions, and Prognostications
Appendix: Using Prospect Theory