Measuring Beliefs and Rewards: A Neuroeconomic Approach*
نویسندگان
چکیده
منابع مشابه
Measuring Beliefs and Rewards: a Neuroeconomic Approach.
The neurotransmitter dopamine is central to the emerging discipline of neuroeconomics; it is hypothesized to encode the difference between expected and realized rewards and thereby to mediate belief formation and choice. We develop the first formal test of this theory of dopaminergic function, based on a recent axiomatization by Caplin and Dean [2008A]. These tests are satisfied by neural activ...
متن کاملMeasuring Beliefs and Rewards: a Neuroeconomic Approach∗ Andrew Caplin
The neurotransmitter dopamine is central to the emerging discipline of neuroeconomics; it is hypothesized to encode the difference between expected and realized rewards and thereby to mediate belief formation and choice. We develop the first formal tests of this theory of dopaminergic function, based on a recent axiomatization by Caplin and Dean (Quarterly Journal of Economics, 123 (2008), 663–...
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Cognitive effort has been implicated in numerous theories regarding normal and aberrant behavior and the physiological response to engagement with demanding tasks. Yet, despite broad interest, no unifying, operational definition of cognitive effort itself has been proposed. Here, we argue that the most intuitive and epistemologically valuable treatment is in terms of effort-based decision-makin...
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Patent rewards in countries with strong patent systems and economies serve as worldwide inducements for technological progress. Due to the national treatment provisions of leading patent laws – requiring that foreign inventors be treated equally with inventors who are citizens of the countries enacting the laws – foreign inventors and companies gain access to patent-mediated market controls and...
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OBJECTIVE To assess the decision-making impairment in patients with multiple sclerosis (MS) and how they relate to other cognitive domains. METHODS We performed a cross-sectional analysis in 84 patients with MS, and 21 matched healthy controls using four tasks taken from behavioral economics: (1) risk preferences, (2) choice consistency, (3) delay of gratification, and (4) rate of learning. A...
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ژورنال
عنوان ژورنال: Quarterly Journal of Economics
سال: 2010
ISSN: 0033-5533,1531-4650
DOI: 10.1162/qjec.2010.125.3.923