Neuroscience and the Economics of Decision Making  book cover
1st Edition

Neuroscience and the Economics of Decision Making

ISBN 9780415678438
Published April 6, 2012 by Routledge
256 Pages 56 B/W Illustrations

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Book Description

In the last two decades there has been a flourishing research carried out jointly by economists, psychologists and neuroscientists. This meltdown of competences has lead towards original approaches to investigate the mental and cognitive mechanisms involved in the way the economic agent collects, processes and uses information to make choices. This research field involves a new kind of scientist, trained in different disciplines, familiar in managing experimental data, and with the mathematical foundations of decision making. The ultimate goal of this research is to open the black-box to understandthe behavioural and neural processes through which humans set preferences and translate these behaviours into optimal choices. This volume intends to bring forward new results and fresh insights into this matter.

Table of Contents

Foreword A. Innocenti, A. Sirigu  Part 1: Evidence on the Neuroscientific Foundations of Decision-Making  1. Private and Social Counterfactual Emotions: Behavioural and Neural Effects C. Crespi, S.F. Cappa, N. Canessa  2. The Influence of Social Value Orientation on Information Processing in Repeated Voluntary Contribution Mechanism (VCM) Games: An Eye-Tracking Analysis S. Fiedler, A. Glöckner, A. Nicklisch  3. Gaze Bias Reveals Different Cognitive Processes in Decision Making Under Uncertainty P. Piu, F. Fargnoli, A. Rufa  Part 2: Emotions and Morality in Decision-Making  4. Moral Sentiments: A Behavioral Economics Approach M. Zeelenberg, S.M. Breugelmans, I.E. de Hooge  5. Neuropsychology of Moral Judgment and Risk Seeking: What in Common? A New Look on Emotional Contribution to Decision-Making M. Balconi, A. Terenzi  6. Emotional Decisions - The Induction-of-Intrinsic-Desires Theory C. Lumer  Part 3: Learning and Risk Attitude in Decision-Making  7. From Habit to Addiction: A Study in Online Gambling Behavior W. Jolley, D.N. Black  8. Gains and Losses in Intertemporal Preferences: A Behavioural Study V. Faralla, F. Benuzzi, P. Nichelli, N. Dimitri  Part 4: Probability and Judgment in Decision-Making  9. Cognitive and Affective Responses to Schema Incongruent Brand Messages: An Empirical Study G. Halkias, F. Kokkinaki  10. Expert Elicitation Method Selection Process and Method Comparison A. Dalton, A. Brothers, S. Walsh, A. White, P. Whitney  Part 5: Decision-Making in Social Interaction  11. Does Sharing Payoffs Affect Gender Differences in Accountability? J. Brandts, O. Garofalo  12. Social Learning and Rational Choice S. Di Piazza, L. Vaccarella, A. Dell’Ava, S. Conti, A. Rizzo

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Alessandro Innocenti is Associate Professor of Economics of the Department of Political Economy, Finance and Development (DEPFID) at the University of Siena. He is also Researcher at the Experimental Economics Laboratory LabSi, of the Research Laboratory for Behavioral Finance (BEFINLAB) and Director of the Interuniversity Center for Experimental Economics.

Angela Sirigu is currently Director of Research at the CNRS Institute des Sciences Cognitives in Lyon, France.