Economic theories of decision making are based on the principle of utility maximization, and
reinforcement-learning theory provides computational algorithms that can be used to …

The prefrontal cortex plays an important role in making the association between sensory
information and specific behavior. For example, in a complex stimulus–response situation …

Although economic theories based on utility maximization account for a range of choice
behaviors, utilities must be estimated through experience. Dynamics of this learning process …

Decision making refers to the ability of humans and other animals to choose between
competing courses of action based on the relative value of their consequences. This …

Publisher Summary Much of the research in behavioral economics focuses on how decision-
makers choose among various options when the information about the uncertain future …

Standard economic theories conceive homo economicus as a rational decision maker
capable of maximizing utility. In reality, however, people tend to approximate optimal …

To a first approximation, decision making is a process of optimization in which the decision
maker tries to maximize the desirability of the outcomes resulting from chosen actions …

Research on the neural basis that underlies decision making in humans has revealed that
these processes are mediated by distributed neural networks that incorporate different …

Decision making is an adaptive behavior that takes into account several internal and
external input variables and leads to the choice of a course of action over other available …

Investigation into the neural and computational bases of decision-making has proceeded in
two parallel but distinct streams. Perceptual decision-making (PDM) is concerned with how …