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Disentangling motivational and experiential aspects of "Utility": A neuroeconomics perspective

Witt, Ulrich; Binder, Martin - 2011

Persistent link: https://www.econbiz.de/10010286755

Disentangling motivational and experiential aspects of "Utility" : a neuroeconomics perspective

Witt, Ulrich; Binder, Martin - 2011

-dimensional decision outcomes, economic theory assumes a uni-dimensional utility measure. This paper reviews evidence from behavioral and … makers' difficulties can be explained once the motivational aspects of utility ("wanting") are disentangled from the … experiential ones ("liking") and the features of the different psychological processes involved are recognized. -- utility …

Persistent link: https://www.econbiz.de/10009409675

Neural Random Utility : Relating Cardinal Neural Observables to Stochastic Choice Behaviour'

Webb, Ryan; Glimcher, Paul; Levy, Ifat; Lazzaro, Stephanie - 2019

We assess whether a cardinal model can be used to relate neural observables to stochastic choice behaviour. We develop a general empirical framework for relating any neural observable to choice prediction, and propose a means of bench-marking their predictive power. In a previous study,...

Persistent link: https://www.econbiz.de/10014165905

How mindless is standard economics really?

Schipper, Burkhard - 2009

Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is "incomplete". That is, it has content that can not be revealed with any general...

Persistent link: https://www.econbiz.de/10003894920

Neuronal utility and choice by an organism

Valdés-Edwards, Gonzalo; Valdés Prieto, Salvador - 2015

Persistent link: https://www.econbiz.de/10011565907

Neural antecedents of a random utility model

Lusk, Jayson L.; Crespi, John M.; McFadden, Brandon R.; … - In: Journal of economic behavior & organization : JEBO 132 (2016) 1, pp. 93-103

Persistent link: https://www.econbiz.de/10011703086

Top-down or bottom-up? : disentangling channels of attention in risky choice

Engelmann, Jan; Hirmas, Alejandro; Weele, Joël J. van der - 2021

understanding of their relative importance. We propose a multi-attribute random utility model that unifies prior theoretical …

Persistent link: https://www.econbiz.de/10012510861

A tractable theory of choice based on cell behavior

Valdés-Edwards, Gonzalo; Valdés Prieto, Salvador - 2013

This paper presents a choice model based on a model for the behavior of brain cells that is based on neurological findings. The paper shows that it is possible to define choice as the result of a series of interconnected cellular processes, instead of framing the problem from the point of view...

Persistent link: https://www.econbiz.de/10010192076

Commentary on Edmund Rolls: "Emotion and reason in human decision-making"

Solms, Mark - 2019

In his paper Emotion and reasoning in human decision-making (Economics Discussion Papers, No 2019-8) Edmund Rolls points out that multiple and independent types of reinforcement exist in the human brain, and that they cannot be reduced to a common currency. The present commentary introduces...

Persistent link: https://www.econbiz.de/10012035104

Emotion and reasoning in human decision-making

Rolls, Edmund T. - 2019

that utility can be accurately assessed and logical reason can be applied, though the human brain is not naturally … can take rational and logical decisions, and who can maximize utility over a constraint. Given the neuroscience of … decision-making, the situation is more complex. The utility function may be multidimensional, the reward value along each …

Persistent link: https://www.econbiz.de/10012105103