Part I INTRODUCTION TO NEUROECONOMICS
Teacher: Stefano PALMINTERI
This course proposes an overall view of this emerging field, which is neuroeconomics. Neuroeconomics research is aimed to demonstrate the existence of brain systems encoding decision variables, like expected utility or its components (value and probability) and decision processes.
We will start by describing the results coming from the neuroscientific study of simple economic paradigms (e.g. item valuation, binary choices) and we will try to sketch up a “state of the art” of current experimental approaches and theories linking brain activity and decision making, in these contexts.
Subsequently, we will illustrate how similar experimental approaches can be extended to the study of more complex phenomena, such as learning, distortion of decision criteria (temporal discounting, risk aversion) and strategic interaction between decision makers.
To conclude, we will show how clinical neuroeconomics allows at once, to perfection the neuroeconomics models presented before in the course, and to propose new models describe neuro-psychiatric pathologies and their symptoms.
Table of contents
Introduction (concepts and methods)
Utility in the brain
Modulation of utility in the brain
Repeated decisions: reinforcement learning (I)
Repeated decisions: reinforcement learning (II)
1. Neuroeconomics: Decision Making and the Brain. Edited by:Paul W. Glimcher and Ernst Fehr
2. Decision Neuroscience: An Integrative Perspective. Edited by: Jean-Claude Dreher Leon Tremblay