G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6543
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
URLhttps://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。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Olympia Bover]的文章
[Juan Francisco Jimeno]的文章
百度学术
百度学术中相似的文章
[Olympia Bover]的文章
[Juan Francisco Jimeno]的文章
必应学术
必应学术中相似的文章
[Olympia Bover]的文章
[Juan Francisco Jimeno]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。