This chapter focuses on valuation in the context of choice under uncertainty. When valuation is a pursuit distinct from choice, values revealed through choice may be different from the valuations that emerge from the (choice-independent) computations. In many human endeavors, valuation is performed even in the absence of any immediate necessity to choose. Again, finance is a case in point, in part because financial valuation is often complex and time-consuming, while good choice opportunities are rare and short-lived. The cost of computing values provides a normative rationale for why valuation may be done in the absence of free choice. In fact, the neurobiological choice model predicts choices better than a utility-index-based model estima...
This chapter provides an overview of studies in the field of neuroscience that investigate some of t...
Neuroeconomics is the study of the neurobiological and computational basis of value-based decision m...
SummaryStudies of human decision making emerge from two dominant traditions: learning theorists [1–3...
The goal of this chapter is to review recent neurobiological evidence to improve our understanding o...
Value-based decision making is pervasive in nature. It occurs whenever an animal makes a choice from...
In this chapter, we describe how risk and ambiguity impact the value of choice options, how this imp...
How do people choose between options? At one extreme, the ‘value-first’ view is that the brain compu...
Thesis (Ph. D.)--University of Rochester. Department of Brain and Cognitive Sciences, 2015. "Chapte...
Over the past two decades, neuroscientists have increasingly turned their attention to the question ...
Humans and animals value the opportunity to choose by preferring alternatives that offer more rather...
SummaryThe subjective values of choice options can impact on behavior in two fundamentally different...
When modeling valuation under uncertainty, economists generally prefer expected utility because it h...
Most economists and neuroeconomists believe that individuals make choices first by assign-ing values...
Neuroeconomics seeks to characterize the computational and neurobiological basis of different types...
The subjective values of choice options can impact on behavior in two fundamentally different types ...
This chapter provides an overview of studies in the field of neuroscience that investigate some of t...
Neuroeconomics is the study of the neurobiological and computational basis of value-based decision m...
SummaryStudies of human decision making emerge from two dominant traditions: learning theorists [1–3...
The goal of this chapter is to review recent neurobiological evidence to improve our understanding o...
Value-based decision making is pervasive in nature. It occurs whenever an animal makes a choice from...
In this chapter, we describe how risk and ambiguity impact the value of choice options, how this imp...
How do people choose between options? At one extreme, the ‘value-first’ view is that the brain compu...
Thesis (Ph. D.)--University of Rochester. Department of Brain and Cognitive Sciences, 2015. "Chapte...
Over the past two decades, neuroscientists have increasingly turned their attention to the question ...
Humans and animals value the opportunity to choose by preferring alternatives that offer more rather...
SummaryThe subjective values of choice options can impact on behavior in two fundamentally different...
When modeling valuation under uncertainty, economists generally prefer expected utility because it h...
Most economists and neuroeconomists believe that individuals make choices first by assign-ing values...
Neuroeconomics seeks to characterize the computational and neurobiological basis of different types...
The subjective values of choice options can impact on behavior in two fundamentally different types ...
This chapter provides an overview of studies in the field of neuroscience that investigate some of t...
Neuroeconomics is the study of the neurobiological and computational basis of value-based decision m...
SummaryStudies of human decision making emerge from two dominant traditions: learning theorists [1–3...