| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6543 |
| DP6543 House Prices and Employment Reallocation: International Evidence | |
| Olympia Bover; Juan Francisco Jimeno | |
| 发表日期 | 2007-10-26 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Building on evidence from neurobiology and neuroscience, we model the physiological limitations faced by individuals in the process of decision-making that starts with sensory perception and ends in action selection. The brain sets a neuronal threshold, observes whether the neuronal cell firing activity reaches the threshold or not, and takes the optimal action conditional on that (limited) information. We show that the optimal threshold is set in a way that existing beliefs are most likely to be confirmed and least likely to be refuted. The conclusion holds in static and dynamic settings, and with linear and quadratic loss functions. We then relate our result to the somatic marker theory, and argue that it provides support for the hypothesis that emotions help decision-making. Last, we discuss the implications for choices in concrete vs. abstract situations, for interactions in cooperative vs. competitive activities, for reactions to expected vs. unexpected events, and for the choice of cognitive vs. affective encoding channels. |
| 主题 | Public Economics |
| 关键词 | emotion Information processing Neuroeconomics Reason Bayesian learning Neurobiology |
| URL | https://cepr.org/publications/dp6543 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535382 |
| 推荐引用方式 GB/T 7714 | Olympia Bover,Juan Francisco Jimeno. DP6543 House Prices and Employment Reallocation: International Evidence. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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