Valuing goods and selecting the one with the highest value forms the basis of adaptive behaviour across species. While it is obvious that the valuation of a given type of goods depends on ownership and availability of that type of goods, the effects of other goods on valuation of the original good are sometimes underappreciated. Yet, goods interact with each other, indicating that the valuation of a given good is conditional on the other goods it is combined with, both in the wild and the laboratory. Here, we introduce conditional valuation in the context of valuing multiple goods and briefly review how human and animal experimentalists can leverage economic tools for the study of interactions among goods. We then review evidence for condit...
Economists believe that barter is the ultimate cause of social wealth--and even much of our human cu...
This study investigated how the experience of different reward distributions would shape the utility...
Principles of economics predict that the costs associated with obtaining rewards can influence choic...
Money represents a cornerstone of human modern economies and how money emerged as a medium of exchan...
International audienceWe review and analyze evidence for an evolutionary rooting of human economic b...
Value is a foundational concept in reinforcement learning and economic choice theory. In these frame...
SummaryHuman behavior is not always consistent with standard rational choice predictions. Apparent d...
Decision outcomes in unpredictable environments may not have exact known probabilities. Yet the pred...
Value is a foundational concept in reinforcement learning and economic choice theory. In these frame...
We studied economic choice behavior in capuchin monkeys by offering them to choose between two diffe...
Economic choices are largely determined by two principal elements, reward value (utility) and probab...
Over the past two decades, neuroscientists have increasingly turned their attention to the question ...
Can non-human animals comprehend and employ symbols? The most convincing empirical evidence comes fr...
The human mind is built for approximations. When considering the value of a large aggregate of diffe...
Behavioral economics has demonstrated systematic decision-making biases in both lab and field data. ...
Economists believe that barter is the ultimate cause of social wealth--and even much of our human cu...
This study investigated how the experience of different reward distributions would shape the utility...
Principles of economics predict that the costs associated with obtaining rewards can influence choic...
Money represents a cornerstone of human modern economies and how money emerged as a medium of exchan...
International audienceWe review and analyze evidence for an evolutionary rooting of human economic b...
Value is a foundational concept in reinforcement learning and economic choice theory. In these frame...
SummaryHuman behavior is not always consistent with standard rational choice predictions. Apparent d...
Decision outcomes in unpredictable environments may not have exact known probabilities. Yet the pred...
Value is a foundational concept in reinforcement learning and economic choice theory. In these frame...
We studied economic choice behavior in capuchin monkeys by offering them to choose between two diffe...
Economic choices are largely determined by two principal elements, reward value (utility) and probab...
Over the past two decades, neuroscientists have increasingly turned their attention to the question ...
Can non-human animals comprehend and employ symbols? The most convincing empirical evidence comes fr...
The human mind is built for approximations. When considering the value of a large aggregate of diffe...
Behavioral economics has demonstrated systematic decision-making biases in both lab and field data. ...
Economists believe that barter is the ultimate cause of social wealth--and even much of our human cu...
This study investigated how the experience of different reward distributions would shape the utility...
Principles of economics predict that the costs associated with obtaining rewards can influence choic...