Human economic choice as costly information processing

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2013
Volume: 94
Issue: C
Pages: 206-221

Authors (4)

Dickhaut, John (not in RePEc) Smith, Vernon (Chapman University) Xin, Baohua (not in RePEc) Rustichini, Aldo (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We develop and test a model that provides a unified account of the neural processes underlying behavior in a classical economic choice task. The model describes in a stylized way brain processes engaged in evaluating information provided by the experimental stimuli, and produces a consistent account of several important features of the decision process in different environments: e.g., when the probability is specified or not (ambiguous choices). These features include the choices made, the time to decide, the error rate in choice, and the patterns of neural activation.

Technical Details

RePEc Handle
repec:eee:jeborg:v:94:y:2013:i:c:p:206-221
Journal Field
Theory
Author Count
4
Added to Database
2026-01-25