Neuroeconomics

Paul W. Glimcher, Julius Silver Professor of Neural Science, Economics and Psychology at New York University. Director, Center for Neuroeconomics, NYU. A.B. - Princeton University, Magna cum Laude. Ph.D. -University of Pennsylvania, Neuroscience. Fellow of the American Association for the Advancement of Science, The Association for Psychological Science and the McKnight, Whitehall, Klingenstein and McDonnell Foundations. Investigator of the National Eye Institute, The National Institute of Mental Health, the National Institute of Neurological Disorders and Stroke and the National Institute on Aging. Founding President of the Society for Neuroeconomics. Winner of the Margaret and Herman Sokol Faculty Award in the Sciences, 2003. Winner of NYU’s Distinguished (Lifetime Accomplishment) Teaching Award, 2006. Member of the Dana Alliance for Brain Initiatives. Publications in Nature, Science, Neuron, Journal of Neurophysiology, American Economic Review, Quarterly Journal of Economics, Games and Economic Behavior, Vision Research, Experimental Brain Research, MIT Encyclopedia of Cognitive Science, International Encyclopedia of Social and Behavioral Science and numerous edited volumes. He is the author of: Decisions, Uncertainty and, the Brain: The Science of Neuroeconomics, 2003 from MIT Press. Winner of the American Association of Publishers Medical Sciences Book of the Year, 2003. Neuroeconomics. Decision Making and the Brain, 2009 from Academic Press. Winner of the American Association of Publishers Economics and Social Sciences Book of the Year Awards, 2009. Foundations of Neuroeconomic Analysis, 2011 from Oxford University Press. Neuroeconomics. Decision Making and the Brain 2nd ed. 2013. Professor Glimcher’s work has been covered by the popular press in the Wall Street Journal, Time, Newsweek, The Los Angeles Times, Money Magazine, New Scientist, and on National Public Radio, The BBC, Le Monde, Die Welt, Frankfurter Allgemeine, La Vanguardia, Fox News, and NOVA amongst others.http://www.neuroeconomics.nyu.eduhttp://www.cns.nyu.edu/~glimcher

"This fully revised, second edition comes five years after the first and reflects the tremendous growth in the field of neurobiology of decision making…The text, uniformly well written and accessible, does not shy away from controversies in the research. This is an excellent text for either a graduate course or a very advanced undergraduate course on the subject." Summing Up: Recommended. --CHOICE Reviews Online, June 2014"This book describes neuroeconomics, a combination of neuroscience and behavioral economics, with the goal of understanding how economic policies influence motivation on a neuropsychological level and, ultimately, behavior…This is an excellent book…It should be in the libraries of students and professionals interested in neuroeconomics."Rating: 4 Stars --Doody.com, April 4, 2014Reviews for the First Edition:"Neuroeconomics is a timely collection of papers by leading researchers from both sides of the border between economics and neuroscience…The book should be of interest to anyone who has ever wondered about the mechanics of how decisions are made in the brain, and what it means about human nature." --VINCE CRAWFORD, DISTINGUISHED PROFESSOR OF ECONOMICS, UNIVERSITY OF CALIFORNIA, SAN DIEGO, USA"Economists pride themselves on rigorous parsimony. By taking the neural correlates of behavior into account, potentially explanatory variables explode. This book shows when digging deeper nonetheless pays for economics, and how to do it well." --CHRISTOPH ENGEL, EXECUTIVE DIRECTOR, MAX PLANCK INSTITUTE FOR RESEARCH ON COLLECTIVE GOODS, BONN, GERMANY"For those onlookers who can’t quite accept that neuroscience may provide insight into how we decide what course of action to follow, the contributors to this comprehensive volume offer some very compelling, and very serious experimental and theoretical insights. Highly recommended, and enormously provocative." --FLOYD BLOOM, PROFESSOR EMERITUS, DEPARTMENT OF NEUROPHARMACOLOGY, THE SCRIPPS RESEARCH INSTITUTE, LA JOLLA, USA

• ForewordIntroductionSection 1: The Fundamental Tools of Neuroeconomics1. Basic Methods from Neoclassical Economics2. Experimental Economics and Experimental Game Theory3. Computational Models of Decision-Making from Psychology and Behavioral Economics4. Estimation and Testing of Computational Models5. Computational Neuroscience6. Experimental Methods in Cognitive Neuroscience7. The Economics of Non-Human PrimatesSection 2: Risk, Time, Social and Emotional Preferences8. Computation of value in simple choices9. Valuation for Risky and Uncertain Choices10. Valuation, Intertemporal Choice and Self Control11. Neuroeconomics of Social Preferences12. The Study of Emotion in Decision Making13. Valuation and Common Neural Currencies14. The pharmacology of economic and social decision-makingSection 3: Learning and Valuation15. Value Learning through Reinforcement: The Basics of Dopamine and RL16. Advanced Issues in Reinforcement Learning17. The Basal Ganglia, Reinforcement Learning and The Encoding of Value18. From Experienced Utility to Decision UtilitySection 4: The Neural Mechanisms for Choice19. Neural Mechanisms for Perceptual Decision-Making20. Value-based Decision-Making21. Multiple Systems for Valuation and Choice22. Integrating Benefits and Costs in Decision-Making23. Dynamic Neuronal Models of Choice24. Reference Dependent Values and NormalizationSection 5: Brain Circuitry of Social Valuation and Social Choice25. The Brain Circuity for Strategic Interactions26. The Brain Circuity for social decision-making in non-human primates27. Understanding Others: Brain Mechanisms of Theory of Mind and EmpathyEpilogue: Summary, Conclusions, and PrognosticationsAppendix: Using Prospect Theory