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How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making

Over the last 15 years, a revolution has been taking place in neuroscience, whereby models and methods of economics have led to deeper insights into the neurobiological foundations of human decision-making. These have revealed a number of widespread mis-conceptions, among others, about the role of e...

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Autor principal: Bossaerts, Peter
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8326835/
https://www.ncbi.nlm.nih.gov/pubmed/34349708
http://dx.doi.org/10.3389/fpsyg.2021.697375
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author Bossaerts, Peter
author_facet Bossaerts, Peter
author_sort Bossaerts, Peter
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description Over the last 15 years, a revolution has been taking place in neuroscience, whereby models and methods of economics have led to deeper insights into the neurobiological foundations of human decision-making. These have revealed a number of widespread mis-conceptions, among others, about the role of emotions. Furthermore, the findings suggest that a purely behavior-based approach to studying decisions may miss crucial features of human choice long appreciated in biology, such as Pavlovian approach. The findings could help economists formalize elusive concepts such as intuition, as I show here for financial “trading intuition.”
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spelling pubmed-83268352021-08-03 How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making Bossaerts, Peter Front Psychol Psychology Over the last 15 years, a revolution has been taking place in neuroscience, whereby models and methods of economics have led to deeper insights into the neurobiological foundations of human decision-making. These have revealed a number of widespread mis-conceptions, among others, about the role of emotions. Furthermore, the findings suggest that a purely behavior-based approach to studying decisions may miss crucial features of human choice long appreciated in biology, such as Pavlovian approach. The findings could help economists formalize elusive concepts such as intuition, as I show here for financial “trading intuition.” Frontiers Media S.A. 2021-07-19 /pmc/articles/PMC8326835/ /pubmed/34349708 http://dx.doi.org/10.3389/fpsyg.2021.697375 Text en Copyright © 2021 Bossaerts. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
Bossaerts, Peter
How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making
title How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making
title_full How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making
title_fullStr How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making
title_full_unstemmed How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making
title_short How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making
title_sort how neurobiology elucidates the role of emotions in financial decision-making
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8326835/
https://www.ncbi.nlm.nih.gov/pubmed/34349708
http://dx.doi.org/10.3389/fpsyg.2021.697375
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