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Neuroeconomic Models of Decision-Making

Author

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  • Gheorghe H. Popescu
  • Elvira Nica

Abstract

Over the past decade, there has been increasing evidence describing economic models of decision making, the neural processes underlying behavior, the deep structure of human preferences, and the regions of activation in the brain observed in judgment and decision making in economic contexts. The aim of the present study is to examine and evaluate the potential of neuroeconomics to help in constructing models of economic decision making, the neurobiological mechanisms that are responsible for making economic choices, and the psychological process of economic decision making.

Suggested Citation

  • Gheorghe H. Popescu & Elvira Nica, 2014. "Neuroeconomic Models of Decision-Making," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 63-66, March.
    • Handle: RePEc:khe:journl:v:6:y:2014:i:1:p:63-66
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    References listed on IDEAS

    as
    1. Ernst Fehr & Urs Fischbacher & Michael Kosfeld, 2005. "Neuroeconomic Foundations of Trust and Social Preferences: Initial Evidence," American Economic Review, American Economic Association, vol. 95(2), pages 346-351, May.
    2. Takahashi, Taiki & Hadzibeganovic, Tarik & Cannas, Sergio & Makino, Takaki & Fukui, Hiroki & Kitayama, Shinobu, 2009. "Cultural neuroeconomics of intertemporal choice," MPRA Paper 16814, University Library of Munich, Germany.
    3. Fehr, Ernst & Fischbacher, Urs & Kosfeld, Michael, 2005. "Neuroeconomic Foundation of Trust and Social Preferences," CEPR Discussion Papers 5127, C.E.P.R. Discussion Papers.
    4. Clément Levallois & John A. Clithero & Paul Wouters & Ale Smidts & Scott A. Huettel, 2012. "Translating upwards : linking the neural and social sciences via neuroeconomics," Post-Print hal-02313160, HAL.
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    More about this item

    Keywords

    Neurobiological mechanisms; economic decision making;

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • D87 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Neuroeconomics
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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