Neuroeconomics: Cross-currents in research on decision-making

Alan G. Sanfey, George Loewenstein, Samuel McClure, Jonathan D. Cohen

Research output: Contribution to journalArticle

297 Citations (Scopus)

Abstract

Despite substantial advances, the question of how we make decisions and judgments continues to pose important challenges for scientific research. Historically, different disciplines have approached this problem using different techniques and assumptions, with few unifying efforts made. However, the field of neuroeconomics has recently emerged as an inter-disciplinary effort to bridge this gap. Research in neuroscience and psychology has begun to investigate neural bases of decision predictability and value, central parameters in the economic theory of expected utility. Economics, in turn, is being increasingly influenced by a multiple-systems approach to decision-making, a perspective strongly rooted in psychology and neuroscience. The integration of these disparate theoretical approaches and methodologies offers exciting potential for the construction of more accurate models of decision-making.

Original languageEnglish (US)
Pages (from-to)108-116
Number of pages9
JournalTrends in Cognitive Sciences
Volume10
Issue number3
DOIs
StatePublished - Mar 2006
Externally publishedYes

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Decision Making
Economics
Neurosciences
Research
Psychology
Systems Analysis

ASJC Scopus subject areas

  • Cognitive Neuroscience

Cite this

Neuroeconomics : Cross-currents in research on decision-making. / Sanfey, Alan G.; Loewenstein, George; McClure, Samuel; Cohen, Jonathan D.

In: Trends in Cognitive Sciences, Vol. 10, No. 3, 03.2006, p. 108-116.

Research output: Contribution to journalArticle

Sanfey, Alan G. ; Loewenstein, George ; McClure, Samuel ; Cohen, Jonathan D. / Neuroeconomics : Cross-currents in research on decision-making. In: Trends in Cognitive Sciences. 2006 ; Vol. 10, No. 3. pp. 108-116.
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