Skip to main content

Neuroeconomics—An Introduction

  • Chapter
  • First Online:
Neuroeconomics

Abstract

The present chapter provides an introduction into the young discipline of neuroeconomics and into the present Neuroeconomics book. Historical aspects, core concepts and future research avenues are presented.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 139.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 179.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 179.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Bechara A, Tranel D, Damasio H (2000) Characterization of the decision-making deficit of patients with ventromedial prefrontal cortex lesions. Brain 123(Pt 11):2189–2202 (Nov 2000). Erratum in: Brain 132(Pt 7):1993 (Jul 2009)

    Google Scholar 

  • Bechara A, Dolan S, Hindes A (2002) Decision-making and addiction (part II): myopia for the future or hypersensitivity to reward? Neuropsychologia 40(10):1690–1705

    Article  PubMed  Google Scholar 

  • Bogacz R, Wagenmakers EJ, Forstmann BU, Nieuwenhuis S (2010) The neural basis of the speed-accuracy tradeoff. Trends Neurosci 33(1):10–16

    Article  PubMed  Google Scholar 

  • Camerer CF (2003) Behavioral game theory: experiments in strategic interaction. Princeton University Press, Princeton, NJ

    Google Scholar 

  • Chen MK, Lakshminaryanan V, Santos LR (2006) The evolution of our preferences: evidence from capuchin monkey trading behavior. J Polit Econ 114(3):517–537

    Article  Google Scholar 

  • Ebstein RP, Israel S, Lerer E, Uzefovsky F, Shalev I, Gritsenko I, Riebold M, Salomon S, Yirmiya N (2009) Arginine vasopressin and oxytocin modulate human social behavior. Ann NY Acad Sci 1167:87–102

    Article  PubMed  Google Scholar 

  • Engel C (2011) Dictator games: a meta-study. Exp Econ 14:583–610

    Article  Google Scholar 

  • Forstmann BU, Anwander A, Schäfer A, Neumann J, Brown S, Wagenmakers EJ, Bogacz R, Turner R (2010) Cortico-striatal connections predict control over speed and accuracy in perceptual decision making. Proc Natl Acad Sci USA 107(36):15916–15920

    Article  PubMed  PubMed Central  Google Scholar 

  • Kahneman D, Tversky A (1979) Prospect theory: an analysis of decision under risk. Econometrica: J Econom Soc 47(2):263–291

    Google Scholar 

  • Kuhnen CM, Chiao JY (2009) Genetic determinants of financial risk taking. PLoS One 4(2):e4362. doi:10.1371/journal.pone.0004362

    Google Scholar 

  • Israel S, Lerer E, Shalev I, Uzefovsky F, Riebold M, Laiba E, Bachner-Melman R, Maril A, Bornstein G, Knafo A, Ebstein RP (2009) The oxytocin receptor (OXTR) contributes to prosocial fund allocations in the dictator game and the social value orientations task. PLoS ONE 4(5):e5535

    Article  PubMed  PubMed Central  Google Scholar 

  • Mäki U (2010) When economics meets neuroscience: hype and hope. J Econ Methodol 17:107–117

    Article  Google Scholar 

  • Marshall M (1920) Principles of economics: an introductory volume, 8th edn. Macmillan, London

    Google Scholar 

  • McClure S, Laibson D, Lowenstein G, Cohen J (2004a) Separate neural systems value immediate and delayed rewards. Science 306:503–507

    Article  PubMed  Google Scholar 

  • McClure SM, Ericson K, Laibson DI, Loewenstein G, Cohen JD (2004b) Time discounting for primary rewards. J Neurosci 27(21):5796–5904

    Article  Google Scholar 

  • Mischel W, Shoda Y, Rodriguez ML (1989) Delay of gratification in children. Science 244:933–938

    Article  PubMed  Google Scholar 

  • Preuschoff K, Bossaerts P, Quartz SR (2006) Neural differentiation of expected reward and risk in human subcortical structures. Neuron 51(3):381–390

    Google Scholar 

  • Roiser JP, de Martino B, Tan GC, Kumaran D, Seymour B, Wood NW, Dolan RJ (2009) A genetically mediated bias in decision making driven by failure of amygdala control. J Neurosci 29(18):5985–5991

    Article  PubMed  PubMed Central  Google Scholar 

  • Rubinstein A (2008) Comments on neuroeconomics. Econ Philos 24:485–494

    Article  Google Scholar 

  • Schultz W (2013) Updating dopamine reward signals. Curr Opin Neurobiol 23(2):229–238

    Article  PubMed  PubMed Central  Google Scholar 

  • Schultz W, Dayan P, Montague PR (1997) A neural substrate of prediction and reward. Science 275(5306):1593–1599

    Article  PubMed  Google Scholar 

  • Spanagel R, Weiss F (1999) The dopamine hypothesis of reward: past and current status. Trends Neurosci 22(11):521–527

    Article  PubMed  Google Scholar 

  • Tobler PN, Fiorillo CD, Schultz W (2005) Adaptive coding of reward value by dopamine neurons. Science 307:1642–1645

    Article  PubMed  Google Scholar 

  • Tom SM, Fox CR, Trepel C, Poldrack RA (2007) The neural basis of loss aversion in decision-making under risk. Sci 315(5811):515–518

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Martin Reuter .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2016 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Reuter, M., Montag, C. (2016). Neuroeconomics—An Introduction. In: Reuter, M., Montag, C. (eds) Neuroeconomics. Studies in Neuroscience, Psychology and Behavioral Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-35923-1_1

Download citation

Publish with us

Policies and ethics