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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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Formato: | Online Artículo Texto |
Lenguaje: | English |
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Frontiers Media S.A.
2021
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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 |
collection | PubMed |
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.” |
format | Online Article Text |
id | pubmed-8326835 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Frontiers Media S.A. |
record_format | MEDLINE/PubMed |
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 |
work_keys_str_mv | AT bossaertspeter howneurobiologyelucidatestheroleofemotionsinfinancialdecisionmaking |