Context-dependency in valuation.

Abstract:

:In the last few years, work in the nascent field of neuroeconomics has advanced understanding of the brain systems involved in value-based decision making. An important modulator of valuation processes is the specific context a decision maker is facing during choice. Recently, neuroeconomics has made great progress in understanding, on both the brain and behavioral level, how context-dependent perception affects valuation and choice. Here we describe how context-sensitive value coding accounts for choice set effects, differential perceptions of gains and losses, and expectancy effects of external (economic) signals.

journal_name

Curr Opin Neurobiol

authors

Tymula A,Plassmann H

doi

10.1016/j.conb.2016.06.015

subject

Has Abstract

pub_date

2016-10-01 00:00:00

pages

59-65

eissn

0959-4388

issn

1873-6882

pii

S0959-4388(16)30081-2

journal_volume

40

pub_type

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