Dual or unitary system? Two alternative models of decision making

Cognitive, Affective and Behavioral Neuroscience

Volumn 8, Issue 4, 2008, Pages 355-362

  Rustichini, Aldo ^a  

^a UNIVERSITY OF MINNESOTA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BEHAVIOR CONTROL; BRAIN FUNCTION; DECISION MAKING; DECISION THEORY; DIRECT CURRENT; DUAL SYSTEM MODEL; HYPOTHESIS; INTELLIGENCE QUOTIENT; NEUROIMAGING; NEUROSCIENCE; REVIEW; RISK FACTOR; SELF CONTROL; SKILL; THEORETICAL MODEL; TIME; TRANSCRANIAL MAGNETIC STIMULATION; UNITARY SYSTEM MODEL; COGNITION; GAME; HIGH RISK BEHAVIOR; HUMAN; REWARD; STATISTICAL MODEL;

COGNITION; DECISION MAKING; DECISION THEORY; GAME THEORY; HUMANS; MODELS, ECONOMIC; MODELS, THEORETICAL; REWARD; RISK-TAKING;

EID: 60749119015     PISSN: 15307026     EISSN: None     Source Type: Journal    
DOI: 10.3758/CABN.8.4.355     Document Type: Review

References (35)

1. ARMSTRONG, W. E. (1939). The determinateness of the utility function. Economic Journal, 49, 453-467.
2. BENJAMIN, D. J., BROWN, S. A., & SHAPIRO, J. M. (2006). Who is "behavioral"? Cognitive ability and anomalous preferences. Unpublished working paper.
3. BERNHEIM, B. D., & RANGEL, A. (2004). Addiction and cue-triggered decision processes. American Economic Review, 94, 1558-1590. (Pubitemid 40465227)
4. BREITER, H. C., AHARON, I., KAHNEMAN, D., DALE, A., & SHIZGAL, P. (2001). Functional imaging of neural responses to expectancy and experience of monetary gains and losses. Neuron, 30, 619-639. (Pubitemid 32530601)
5. BURKS, S. V., CARPENTER, J. [P.], GÖTTE, L., MONACO, K., RUSTICHINI, A., & PORTER, K. (2007). Using behavioral economic field experiments at a large motor carrier: The context and design of the Truckers and Turnover Project. Discussion Paper No. 2789, Institute for the Study of Labor.
6. BURKS, S. V., CARPENTER, J. P., GÖTTE, L., & RUSTICHINI, A. (2008). Cognitive skills explain economic preferences, strategic behavior, and job attachment. Discussion Paper No. 3609, Institute for the Study of Labor.
7. DEKEL, E., LIPMAN, B. L., & RUSTICHINI, A. (2001). Representing preferences with a unique subjective state space. Econometrica, 69, 891-934. (Pubitemid 33645473)
8. DEKEL, E., LIPMAN, B. L., & RUSTICHINI, A. (in press). Temptation-driven preferences. Review of Economic Studies.
9. DICKHAUT, J., MCCABE, K., NAGODE, J. C., RUSTICHINI, A., SMITH, K., & PARDO, J. V. (2003). The impact of the certainty context on the process of choice. Proceedings of the National Academy of Sciences, 100, 3536-3541. (Pubitemid 36356619)
10. DOHMEN, T., FALK, A., HUFFMAN, D., & SUNDE, U. (2007). Are risk aversion and impatience related to cognitive ability? Discussion Paper No. 2735, Institute for the Study of Labor.
11. FECTEAU, S., PASCUAL-LEONE, A., ZALD, D. H., LIGUORI, P., THÉORET, H., BOGGIO, P. S., & FREGNI, F. (2007). Activation of prefrontal cortex by transcranial direct current stimulation reduces appetite for risk during ambiguous decision making. Journal of Neuroscience, 27, 6212-6218. (Pubitemid 46890027)
12. FUDENBERG, D., & LEVINE, D. K. (2006). A dual-self model of impulse control. American Economic Review, 96, 1449-1476.
13. GUL, F., & PESENDORFER, W. (2001). Temptation and self-control. Econometrica, 69, 1403-1435. (Pubitemid 33723053)
14. HSU, M., BHATT, M., ADOLPHS, R., TRANEL, D., & CAMERER, C. F. (2005). Neural systems responding to degrees of uncertainty in human decision-making. Science, 310, 1680-1683. (Pubitemid 41780790)
15. KABLE, J. W., & GLIMCHER, P. W. (2007). The neural correlates of subjective value during intertemporal choice. Nature Neuroscience, 10, 1625-1633. (Pubitemid 350175876)
16. KAHN, I., YESHURUN, Y., ROTHSTEIN, P., FRIED, I., BEN-BASHAT, D., & HENDLER, T. (2002). The role of amygdala in signaling prospective outcome of choice. Neuron, 33, 983-994. (Pubitemid 34246362)
17. KNOCH, D., GIANOTTI, L. R., PASCUAL-LEONE, A., TREYER, V., REGARD, M., HOHMANN., M., & BRUGGER, P. (2006). Disruption of right prefrontal cortex by low-frequency repetitive transcranial magnetic stimulation induces risk-taking behavior. Journal of Neuroscience, 26, 6469-6472. (Pubitemid 44318327)
18. KNUTSON, B., TAYLOR, J., KAUFMAN, M., PETERSON, R., & GLOVER, G. (2005). Distributed neural representation of expected value. Journal of Neuroscience, 25, 4806-4812. (Pubitemid 40664129)
19. KUHNEN, C. M., & KNUTSON, B. (2005). The neural basis of financial risk taking. Neuron, 47, 763-770. (Pubitemid 41208013)
20. LAIBSON, D. (1997). Golden eggs and hyperbolic discounting. Quarterly Journal of Economics, 112, 443-477.
21. LEVY, I., RUSTICHINI, A., & GLIMCHER, P. W. (2007, November). A single system represents subjective value under both risky and ambiguous decision-making in humans. Paper presented at the annual meeting of the Society for Neuroscience, San Diego.
22. LOEWENSTEIN, G., & O'DONOGHUE, T. (2007). In the heat of the moment: Modelling interaction between affect and deliberation. Working paper, Cornell University.
23. LUCE, R. D. (1956). Semiorders and a theory of utility discrimination. Econometrica, 24, 178-191.
24. MCCLURE, S. M., ERICSON, K. M., LAIBSON, D. I., LOEWENSTEIN, G., & COHEN, J. D. (2007). Time discounting for primary rewards. Journal of Neuroscience, 27, 5796-5804. (Pubitemid 350021085)
25. MCCLURE, S. M., LAIBSON, D. I., LOEWENSTEIN, G., & COHEN, J. D. (2004). Separate neural systems value immediate and delayed monetary rewards. Science, 306, 503-507. (Pubitemid 39372453)
26. MISCHEL, W., SHODA, Y., & RODRIGUEZ, M. I. (1989). Delay of gratification in children. Science, 244, 933-938.
27. PHELPS, E. S., & POLLACK, R. A. (1968). On second-best national saving and game-equilibrium growth. Review of Economic Studies, 35, 185-199.
28. POLLACK, R. A. (1968). Consistent planning. Review of Economic Studies, 35, 201-208.
29. RABIN, M. (2000). Risk aversion and expected-utility theory: A calibration theorem. Econometrica, 68, 1281-1292.
30. RUBINSTEIN, A. (1988). Similarity and decision making under risk. Journal of Economic Theory, 46, 145-153.
31. RUBINSTEIN, A. (2003). "Economics and psychology"? The case of hyperbolic discounting. International Economic Review, 44, 1207-1216. (Pubitemid 37469051)
32. SHIV, B., & FEDORIKHIN, A. (1999). Heart and mind in conflict: The interplay of affect and cognition in consumer decision making. Journal of Consumer Research, 26, 278-292. (Pubitemid 33253141)
33. STROTZ, R. H. (1956). Myopia and inconsistency in dynamic utility maximization. Review of Economic Studies, 23, 165-180.
34. TOM, S. M., FOX, C. R., TREPEL, C., & POLDRACK, R. A. (2007). The neural basis of loss aversion in decision-making under risk. Science, 315, 515-518. (Pubitemid 46175755)
35. WARD, A., & MANN, T. (2000). Don't mind if I do: Disinhibited eating under cognitive load. Journal of Personality & Social Psychology, 78, 753-763.