Neuroeconomics

October 08, 2019




The ability of the human brain to make wise decisions
Nero economics is a general framework for studying the neural basis of economic decision making. At first glance, one may wonder how this discipline can be relevant to the sort of issues that neurologists and psychiatrists are concerned with, beyond identifying the causes of pathological gambling or compulsive spending disorders.
Behavioral economics
In most natural situations, our choices are rarely totally black or white, and predicting how people will choose requires an accurate model of how value is assigned to outcomes. More complex situations arise when multiple individuals interact. In behavioral economics, game-theory approaches are used to analyze scenarios in which an outcome is contingent upon mutual decisions made by two or more individuals.
Neuronal mechanisms
It can thus be seen that empirical descriptions provided by models of real-world decisions can be considered as normative behavior when evaluating pathological deviations in patient populations. These models are also useful in the quest to elucidate the underlying neurological mechanisms. Micromanaging studies have contributed to the identification of the cerebral networks activated by value estimations and choice behavior in humans.
Patient studies


Reward and dopamine
Identifying the elementary neural mechanisms used to compute expected values and guide rational decision making is a central objective of research in microeconomics, but also in the domains of reinforcement learning (concerned with animals and humans) and machine learning (concerned with computer models and robots)

Nonsocial decision making
The endometrial and confrontational regions are important cortical targets of dopamine projections, but also receive inputs from limb structures, hippo campus, and other cortical areas. Probably the first and best-known study of economic decision making in brain-lessened patients is that of Bukhara and collaborator

Social decision making
Interest in the mechanisms of social decision making is more recent. Access to vital resources requires the establishment of trust and cooperation with social partners. One function of social information is its intrinsic rewarding quality
Conclusions
The use of experimental approaches and concepts from behavioral economics is a relatively new direction in neuroscience and psychopathology. In interaction with other domains such as reinforcement learning, computational


Share this article :
Blogger Tips and TricksLatest Tips And TricksBlogger Tricks

FB Page

 
@ELITE_Mv
Copyright © 166/A-1/2017/19. ELITE Institute - All Rights Reserved