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 …

Once considered the province of philosophy and the behavioral sciences, the process of
making decisions has received increasing scrutiny from neurobiologists. Recent research …

Complex natural systems from brains to bee swarms have evolved to make adaptive
multifactorial decisions. Recent theoretical and empirical work suggests that many evolved …

Over the course of the last century, economists and ethologists have built detailed models
from first principles of how humans and animals should make decisions. Over the course of …

Economic choices are largely determined by two principal elements, reward value (utility)
and probability. Although nonlinear utility functions have been acknowledged for centuries …

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 …

When we make decisions, the benefits of an option often need to be weighed against
accompanying costs. Little is known, however, about the neural systems underlying such …

A decision is a commitment to a proposition or plan of action based on information and
values associated with the possible outcomes. The process operates in a flexible timeframe …

Decisions are guided not just by expectations of the benefits that will ensue but also by
expectations about costs. The foraging choices of animals, both in the laboratory and in the …

Economic goods may vary on multiple dimensions (determinants). A central conjecture in
decision neuroscience is that choices between goods are made by comparing subjective …