Benefits of neuroeconomic modeling: New policy interventions and predictors of preference

American Economic Review

Volumn 104, Issue 5, 2014, Pages 501-506

  Krajbich, Ian ^a   Oud, Bastiaan ^b   Fehr, Ernst ^b  

^a OHIO STATE UNIVERSITY   (United States)

^b UNIVERSITY OF ZURICH   (Switzerland)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84901419730     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.104.5.501     Document Type: Conference Paper

References (16)

1. Baumgartner, Thomas, Daria Knoch, Philine Hotz, Christoph Eisenegger, and Ernst Fehr. 2011. "Dorsolateral and Ventromedial Prefrontal Cortex Orchestrate Normative Choice.," Nature Neuroscience 14: 1468-74.
2. Busemeyer, Jerome R. 1985. "Decision Making Under Uncertainty: A Comparison of Simple Scalability, Fixed-Sample, and Sequential-Sampling Models.," Journal of Experimental Psychology: Learning, Memory, and Cognition 11 (3): 538-64.
3. Chabris, Christopher F., Carrie L. Morris, Dmitry Taubinsky, David Laibson, and Jonathon P. Schuldt. 2009. "The Allocation of Time in Decision-Making.," Journal of the European Economic Association 7 (2-3): 628-37.
4. Clithero, John A., and Antonio Rangel. 2014. "Combining Response Times and Choice Data Using a Neuroeconomic Model of the Decision Process Improves Out-of-Sample Predictions.," Unpublished.
5. Fehr, Ernst, and Antonio Rangel. 2011. "Neuroeconomic Foundations of Economic Choice-Recent Advances.," Journal of Economic Perspectives 25 (4): 3-30.
6. Krajbich, Ian, Carrie Armel, and Antonio Rangel. 2010. "Visual Fixations and the Computation and Comparison of Value in Simple Choice.," Nature Neuroscience 13: 1292-98.
7. Krajbich, Ian, Todd Hare, Bjoern Bartling, Yosuke Morishima, and Ernst Fehr. 2014. "A Common Mechanism Underlying Food Choice and Social Decisions.," Unpublished.
8. Krajbich, Ian, Dingchao Lu, Colin Camerer, and Antonio Rangel. 2012. "The Attentional Drift-Diffusion Model Extends to Simple Purchasing Decisions.," Frontiers in Psychology 3 (193): 1-18.
9. Krajbich, Ian, and Antonio Rangel. 2011. "Multialternative Drift-Diffusion Model Predicts the Relationship Between Visual Fixations and Choice in Value-Based Decisions.," Proceedings of the National Academy of Sciences 108 (33): 13852-857.
10. Luce, R. Duncan. 1959. "On the Possible Psychophysical Laws.," Psychological Review 66 (2): 81-95.
11. McFadden, Daniel. 1973. "Conditional Logit Analysis of Qualitative Choice Behavior.," in Frontiers in Econometrics, edited by Paul Zarembka, 105-42. New York: Academic Press.
12. McKelvey, Richard D., and Thomas R. Palfrey. 1995. "Quantal Response Equilibria for Normal Form Games.," Games and Economic Behavior 10 (1): 6-38.
13. Oud, Bastiaan, Ian Krajbich, Kevin Miller, Jin Hyun Cheong, Matthew Botvinick, and Ernst Fehr. 2014. "Irrational Deliberation in Decision Making.," Unpublished.
14. Ratcliff, Roger. 2006. "Modeling Response Signal and Response Time Data.," Cognitive Psychology 53 (3): 195-237.
15. Rubinstein, Ariel. 2013. "Response Time and Decision Making: An Experimental Study.," Judgment and Decision Making 8 (5): 540-51.
16. Wald, A., and J. Wolfowitz. 1948. "Optimum Character of the Sequential Probability Ratio Test.," Annals of Mathematical Statistics 19 (3): 326-39.