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Neuroscience and the Economics of Decision Making

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  • Price: $130.00 $117.00
  • Hardback: 236 pages
  • Also available in e-Book
  • Published: April 2012
  • ISBN: 978-0-415-67843-8
  • Publisher: Routledge

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Series: Routledge Advances in Experimental and Computable Economics.

In the last two decades there has been a flourishing research carried out jointly by economists, psychologists and neuroscientists. This meltdown of competences has lead towards original approaches to investigate the mental and cognitive mechanisms involved in the way the economic agent collects, processes and uses information to make choices. This research field involves a new kind of scientist, trained in different disciplines, familiar in managing experimental data, and with the mathematical foundations of decision making. The ultimate goal of this research is to open the black-box to understandthe behavioural and neural processes through which humans set preferences and translate these behaviours into optimal choices. This volume intends to bring forward new results and fresh insights into this matter.

Table of Contents

Foreword Alessandro Innocenti and Angela Sirigu PART 1: Evidence on the neuroscientific foundations of decision-making 1. Private and social counterfactual emotions: behavioural and neural effects Chiara Crespi, Stefano F. Cappa and Nicola Canessa 2. The influence of social value orientation on information processing in repeated voluntary contribution mechanism (VCM) games: an eye-tracking analysis Susann Fiedler, Andreas Glöckner and Andreas Nicklisch 3. Gaze bias reveals different cognitive processes in decision making under uncertainty Pietro Piu, Francesco Fargnoli and Alessandra Rufa PART 2: Emotions and morality in decision-making 4. Moral sentiments: a behavioral economics approach Marcel Zeelenberg, Seger M. Breugelmans and Ilona E. de Hooge 5. Neuropsychology of moral judgment and risk seeking: what in common? A new look on emotional contribution to decision-making Michela Balconi and Andrea Terenzi 6. Emotional decisions - the induction-of-intrinsic-desires theory Christoph Lumer PART 3: Learning and risk attitude in decision-making 7. From habit to addiction: a study in online gambling behavior William Jolley and Deborah N. Black 8. Gains and losses in intertemporal preferences: a behavioural study Valeria Faralla, Francesca Benuzzi, Paolo Nichelli and Nicola Dimitri PART 4: Probability and judgment in decision-making 9. Cognitive and affective responses to schema incongruent brand messages: an empirical study Georgios Halkias and Flora Kokkinaki 10. Expert elicitation method selection process and method comparison Angela Dalton, Alan Brothers, Stephen Walsh, Amanda White and Paul Whitney PART 5: Decision-making in social interaction 11 Does sharing payoffs affect gender differences in accountability? Jordi Brandts, Orsola Garofalo 12. Social learning and rational choice Stefano Di Piazza, Letizia Vaccarella, Antonio Dell’Ava, Simona Conti and Antonio Rizzo

Author/Editor Biography

Alessandro Innocenti is Associate Professor of Economics of the Department of Political Economy, Finance and Development (DEPFID) at the University of Siena. He is also Researcher at the Experimental Economics Laboratory LabSi, of the Research Laboratory for Behavioral Finance (BEFINLAB) and Director of the Interuniversity Center for Experimental Economics.

Angela Sirigu is currently Director of Research at the CNRS Institute des Sciences Cognitives in Lyon, France.