Outline for the Course in Experimental and Neuro- Finance Elena Asparouhova and Peter Bossaerts
|
|
- Trevor Randall
- 5 years ago
- Views:
Transcription
1 Outline for the Course in Experimental and Neuro- Finance Elena Asparouhova and Peter Bossaerts Week 1 Wednesday, July 25, Elena Asparouhova CAPM in the laboratory. A simple experiment. Intro do flexe-markets (web-based software for designing market experiments). One-period markets: the experimental evidence. 1. Basic Principles of Asset Pricing Theory: Evidence from Large-Scale Experimental Financial Markets, Bossaerts, P. and C. Plott, Review of Finance Prices and Portfolio Choices in Financial Markets: Theory, Econometrics, Experiments, Bossaerts, P., Plott, C. and B. Zame, Econometrica Excess Demand and Equilibration in Multi-Security Financial Markets: The Empirical Evidence, Asparouhova E., Bossaerts, P., and C. Plott, Journal of Financial Markets Friday, July 25/6, Peter Bossaerts Basic principles of neurophysiology Imaging techniques - single-unit neural recording, fmri, EEG (scalp and intracranial) and MEG. Basics of Pharmacology. 1. Brain Facts: A Primer on the Brain and the Nervous System, Society of Neuroscience. 2. The General Linear Model and Statistical Parametric Mapping, Kiebel, S. and A. Holmes.
2 3. Modulators of Decision Making, K. Doya. Week 2 Monday, July 30, Peter Bossaerts Neural encoding of expected reward and risk Reward and risk prediction errors 1. Adaptive Coding of Reward Value by Dopamine Neurons, Tobler, P. N, Fiorillo, C. D., and W. Schultz 2. Temporal Difference Models and Reward-Related Learning in the Human Brain, O Doherty J. et al. 3. Human Insula Activation Reflects Risk Prediction Errors As Well As Risk, Preuschoff K., Quartz, S. R. and P. Bossaerts. 4. Pupil dilation signals surprise: Evidence for noradrenaline s role in decision making, Preuschoff, K. et al. Wednesday, August 1, Elena Asparouhova Infinite horizon economy the Lucas model and the experimental evidence. Reading: 1. Asset Prices in an Exchange Economy, Lucas R., Econometrica Experiments with the Lucas Asset Pricing Model, Asparouhova, E., Bossaerts, P., Roy, N., and W. Zame, working paper The Role of Securities in the Optimal Allocation of Riskbearing, K. J. Arrow. 4. Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets, Radner, R. 5. Implementing Arrow-Debreu Equilibria by Continuous
3 Trading of Few Long Lived Securities, Duffie, D. and Chi-Fu Huang. Friday August 3 Elena Asparouhova Markets for contracts. Insurance and delegation. 1. Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information, Rothschild, M. and J. Stiglitz, The Quarterly Journal of Economics Competition in Lending: Theory and Experiments, Asparouhova, E., Review of Finance Competition in Portfolio Management: Theory and Experiment, Asparouhova, E., Bossaerts, P., Copic, J., Cvitanic, J., Meloso, D. Week 3 Monday, August 6, Peter Bossaerts Bayesian learning and the human brain. Different Types of Uncertainty. 1. Learning the value of information in an uncertain world, Behrens, T. et al. 2. The Role of the Ventromedial Prefrontal Cortex in Abstract State-Based Inference during Decision Making in Humans, Hampton, A. N., Bossaerts, P., and O Doherty J. P. 3. Uncertainty, Neuromodulation, and Attention, Yu, A. J. and P. Dayan. 4. Learning and Generalization under Ambiguity: An fmri Study, Chumbley, J. R. et al.
4 5. Exploring the Nature of Trader Intuition, Bruguier, A. J., Quartz, S. R. and P. Bossaerts. Wednesday, August 8, Elena Asparouhova Credit market bubbles. Individual and Social Rationality. 1. Market Bubbles and Crashes as an Expression of Tension between Social and Individual Rationality: Experiments, Asparouhova, E., Tran, A., and P. Bossaerts. 2. On the Severity of Bank Runs: An Experimental Study, Schotter, A., and T. Yorulmazer. 3. Checkmate: Exploring Backward Induction Among Chess Players, Levitt, S., List J. A., and S. E. Sadoff. Friday, August 10, Peter Bossaerts Neurobiological foundations of strategic uncertainty and the link with theory of mind 1. Imaging the Intentional Stance in a Competitive Game, Gallagher, H. L. et al. 2. Neural Mechanisms of Belief Inference during Cooperative Games, Yoshida, W. et al. 3. Cooperation and Heterogeneity of the Autistic Mind, Yoshida, W. et al. 4. The Rupture and Repair of Cooperation in Borderline Personality Disorder, King-Casas, B. et al. 5. Neural correlates of mentalizing related computations during strategic interactions in humans, Hampton, A., Bossaerts, P., and J. O Doherty.
5 Week 4 Monday August 13 Last class, both Peter Bossaerts and Elena Asparouhova Finishing up all that was left behind from previous lectures
Toward a Mechanistic Understanding of Human Decision Making Contributions of Functional Neuroimaging
CURRENT DIRECTIONS IN PSYCHOLOGICAL SCIENCE Toward a Mechanistic Understanding of Human Decision Making Contributions of Functional Neuroimaging John P. O Doherty and Peter Bossaerts Computation and Neural
More informationNeurobiological Foundations of Reward and Risk
Neurobiological Foundations of Reward and Risk... and corresponding risk prediction errors Peter Bossaerts 1 Contents 1. Reward Encoding And The Dopaminergic System 2. Reward Prediction Errors And TD (Temporal
More informationLecture 7 Part 2 Crossroads of economics and cognitive science. Xavier Gabaix. March 18, 2004
14.127 Lecture 7 Part 2 Crossroads of economics and cognitive science. Xavier Gabaix March 18, 2004 Outline 1. Introduction 2. Definitions (two system model) 3. Methods 4. Current research 5. Questions
More informationChapter 2 Knowledge Production in Cognitive Neuroscience: Tests of Association, Necessity, and Sufficiency
Chapter 2 Knowledge Production in Cognitive Neuroscience: Tests of Association, Necessity, and Sufficiency While all domains in neuroscience might be relevant for NeuroIS research to some degree, the field
More informationModel-Based fmri Analysis. Will Alexander Dept. of Experimental Psychology Ghent University
Model-Based fmri Analysis Will Alexander Dept. of Experimental Psychology Ghent University Motivation Models (general) Why you ought to care Model-based fmri Models (specific) From model to analysis Extended
More informationIntroduction to Game Theory:
Introduction to Game Theory: Levels of Reasoning Version 10/29/17 How Many Levels Do Players Reason? When we first hear about game theory, we are naturally led to ponder: How does a player Ann in a game
More informationComputational Psychiatry and the Mentalization of Others
Computational Psychiatry and the Mentalization of Others P. Read Montague Virginia Tech Carilion Research Institute Department of Physics, Virginia Tech 2 Riverside Circle, Roanoke, VA 24014 Wellcome Trust
More informationComputational approaches for understanding the human brain.
Computational approaches for understanding the human brain. John P. O Doherty Caltech Brain Imaging Center Approach to understanding the brain and behavior Behavior Psychology Economics Computation Molecules,
More informationEdinburgh Imaging Academy online distance learning courses. Functional Imaging
Functional Imaging Semester 2 / Commences January 10 Credits Each Course is composed of Modules & Activities. Modules: BOLD Signal IMSc NI4R Experimental Design IMSc NI4R Pre-processing IMSc NI4R GLM IMSc
More informationThe Neurobiological Foundations of Valuation in Human Decision-making under Uncertainty
C H A P T E R 23 c23 The Neurobiological Foundations of Valuation in Human Decision-making under Uncertainty Peter Bossaerts, Kerstin Preuschoff and Ming Hsu O U T L I N E s1 s2 s3 Introduction 351 Distinguishing
More informationEXPLORATION FLOW 4/18/10
EXPLORATION Peter Bossaerts CNS 102b FLOW Canonical exploration problem: bandits Bayesian optimal exploration: The Gittins index Undirected exploration: e-greedy and softmax (logit) The economists and
More informationDamage to the insula is associated with abnormal interpersonal trust
Damage to the insula is associated with abnormal interpersonal trust The ability to form cooperative, mutually beneficial relationships with others is an important part of human life. In order to establish
More informationInformation Cascade Experiments
Information Cascade Experiments Lisa R. Anderson and Charles A. Holt * I. CASCADES ' The theoretical literature on "herding" pertains to situations where people with private, incomplete information make
More informationCONSUMER NEUROSCIENCE
CONSUMER NEUROSCIENCE Spring 2014 New York University Stern School of Business Professor Manuel Garcia-Garcia Wednesday, 6:00pm 9:00pm Phone: (917) 769 9839 E Mail: mgarcia@stern.nyu.edu Office Hours:
More informationEpistemic Game Theory
Epistemic Game Theory Adam Brandenburger J.P. Valles Professor, NYU Stern School of Business Distinguished Professor, NYU Tandon School of Engineering Faculty Director, NYU Shanghai Program on Creativity
More informationInductive Cognitive Models and the Coevolution of Signaling
of of Analytis Max Planck Institute for Human Development October 18, 2012 of 1 2 3 4 5 6 Appendix of It simply was not true that a world with almost perfect information was very similar to one in which
More informationHow rational are your decisions? Neuroeconomics
How rational are your decisions? Neuroeconomics Hecke CNS Seminar WS 2006/07 Motivation Motivation Ferdinand Porsche "Wir wollen Autos bauen, die keiner braucht aber jeder haben will." Outline 1 Introduction
More informationLecture 9: The Agent Form of Bayesian Games
Microeconomics I: Game Theory Lecture 9: The Agent Form of Bayesian Games (see Osborne, 2009, Sect 9.2.2) Dr. Michael Trost Department of Applied Microeconomics December 20, 2013 Dr. Michael Trost Microeconomics
More informationMacroeconometric Analysis. Chapter 1. Introduction
Macroeconometric Analysis Chapter 1. Introduction Chetan Dave David N. DeJong 1 Background The seminal contribution of Kydland and Prescott (1982) marked the crest of a sea change in the way macroeconomists
More informationGames and neuroeconomics. Rui Vilela Mendes
Games and neuroeconomics Rui Vilela Mendes Contents 1 Game theory. Nash equilibrium 2 Deviations from Nash equilibrium in human games 3 The neurological basis 4 Modeling neuroeconomics 5 Game theory with
More informationReference Dependence In the Brain
Reference Dependence In the Brain Mark Dean Behavioral Economics G6943 Fall 2015 Introduction So far we have presented some evidence that sensory coding may be reference dependent In this lecture we will
More informationBehavioral Game Theory
Outline (September 3, 2007) Outline (September 3, 2007) Introduction Outline (September 3, 2007) Introduction Examples of laboratory experiments Outline (September 3, 2007) Introduction Examples of laboratory
More informationThe New Era of Finance: Neurofinance and Investment behavior
Available online at : http://euroasiapub.org/current.php?title=ijrfm, pp. 47 ~ 56 Thomson Reuters ID: L-5236-2015 The New Era of Finance: Neurofinance and Investment behavior Dr. Priya Jinda* Assistant
More informationTHE BRAIN BEHIND THE SCENES. Mary ET Boyle, Ph.D. Department of Cognitive Science, UCSD
THE BRAIN BEHIND THE SCENES Mary ET Boyle, Ph.D. Department of Cognitive Science, UCSD JUST A PRETTY FACE? Job candidate employment decisions are not as objective as one would think. I am irrational when
More informationActivity in Inferior Parietal and Medial Prefrontal Cortex Signals the Accumulation of Evidence in a Probability Learning Task
Activity in Inferior Parietal and Medial Prefrontal Cortex Signals the Accumulation of Evidence in a Probability Learning Task Mathieu d Acremont 1 *, Eleonora Fornari 2, Peter Bossaerts 1 1 Computation
More informationMini-Course in Behavioral Economics Leeat Yariv. Behavioral Economics - Course Outline
Mini-Course in Behavioral Economics Leeat Yariv The goal of this mini-course is to give an overview of the state of the art of behavioral economics. I hope to trigger some research in the field and will
More informationThe Neural Basis of Financial Decision Making
The Neural Basis of Financial Decision Making Camelia M. Kuhnen Kellogg School of Management Northwestern University University of Michigan - August 22, 2009 Dopamine predicts rewards Tobler et al. (2005)
More informationThoughts on Social Design
577 Center for Mathematical Economics Working Papers September 2017 Thoughts on Social Design Walter Trockel and Claus-Jochen Haake Center for Mathematical Economics(IMW) Bielefeld University Universitätsstraße
More informationAcademic year Lecture 16 Emotions LECTURE 16 EMOTIONS
Course Behavioral Economics Academic year 2013-2014 Lecture 16 Emotions Alessandro Innocenti LECTURE 16 EMOTIONS Aim: To explore the role of emotions in economic decisions. Outline: How emotions affect
More informationDopamine and Reward Prediction Error
Dopamine and Reward Prediction Error Professor Andrew Caplin, NYU The Center for Emotional Economics, University of Mainz June 28-29, 2010 The Proposed Axiomatic Method Work joint with Mark Dean, Paul
More informationEVENT REGISTRATION FORM (for local chapter planning purposes only)
EVENT REGISTRATION FORM (for local chapter planning purposes only) School Please complete the following form listing the names and grades (9-12) of students entering the event specified and use it as the
More informationNeural Correlates of Human Cognitive Function:
Neural Correlates of Human Cognitive Function: A Comparison of Electrophysiological and Other Neuroimaging Approaches Leun J. Otten Institute of Cognitive Neuroscience & Department of Psychology University
More informationAxiomatic Methods, Dopamine and Reward Prediction. Error
Axiomatic Methods, Dopamine and Reward Prediction Error Andrew Caplin and Mark Dean Center for Experimental Social Science, Department of Economics New York University, 19 West 4th Street, New York, 10032
More informationNeuroeconomics Lecture 1
Neuroeconomics Lecture 1 Mark Dean Princeton University - Behavioral Economics Outline What is Neuroeconomics? Examples of Neuroeconomic Studies Why is Neuroeconomics Controversial Is there a role for
More informationStock Ownership and Learning from Financial Information
Stock Ownership and Learning from Financial Information Camelia M. Kuhnen Sarah Rudorf Bernd Weber Abstract We document that people s prior portfolio choices influence the way they learn from new information
More informationUNIVERSITY OF OSLO DEPARTMENT OF ECONOMICS
UNIVERSITY OF OSLO DEPARTMENT OF ECONOMICS Take home exam: ECON5200/9200 Advanced Microeconomics Exam period: Monday 11 December at 09.00 to Thursday 14 December at 15.00 Guidelines: Submit your exam answer
More informationPHONE: (719) HOME PAGE: Princeton University Postdoctoral Research Associate
DAMON TOMLIN, Ph.D. 719 WINDING HILLS ROAD MONUMENT, CO 80132 PHONE: (719) 344 9017 EMAIL: damon.tomlin@gmail.com HOME PAGE: www.damontomlin.com POSITIONS University of Colorado, Lecturer 2014 PRESENT
More informationBehavioral Game Theory
Behavioral Game Theory Experiments in Strategic Interaction Colin F. Camerer Russell Sage Foundation, New York, New York Princeton University Press, Princeton, New Jersey Preface Introduction 1.1 What
More informationBrain Imaging studies in substance abuse. Jody Tanabe, MD University of Colorado Denver
Brain Imaging studies in substance abuse Jody Tanabe, MD University of Colorado Denver NRSC January 28, 2010 Costs: Health, Crime, Productivity Costs in billions of dollars (2002) $400 $350 $400B legal
More informationThe Foundations of Behavioral. Economic Analysis SANJIT DHAMI
The Foundations of Behavioral Economic Analysis SANJIT DHAMI OXFORD UNIVERSITY PRESS CONTENTS List offigures ListofTables %xi xxxi Introduction 1 1 The antecedents of behavioral economics 3 2 On methodology
More informationHuman Insula Activation Reflects Risk Prediction Errors As Well As Risk
The Journal of Neuroscience, March 12, 2008 28(11):2745 2752 2745 Behavioral/Systems/Cognitive Human Insula Activation Reflects Risk Prediction Errors As Well As Risk Kerstin Preuschoff, 1,4 Steven R.
More informationCURRICULUM VITAE (January 2018) Juan D. CARRILLO
CURRICULUM VITAE (January 2018) Juan D. CARRILLO Department of Economics - KAP 330B, University of Southern California, 3620 S. Vermont Ave., Los Angeles, CA 90089-0253 Ph: (310) 699.0956, email: ,
More informationThe Effect of Prior Choices on Expectations and Subsequent Portfolio Decisions
The Effect of Prior Choices on Expectations and Subsequent Portfolio Decisions Camelia M. Kuhnen Sarah Rudorf Bernd Weber May 2017 Abstract We document that prior portfolio choices influence investors
More informationCURRICULUM VITAE (September 2018) Juan D. CARRILLO
CURRICULUM VITAE (September 2018) Juan D. CARRILLO Department of Economics - KAP 330B, University of Southern California, 3620 S. Vermont Ave., Los Angeles, CA 90089-0253 Ph: (310) 699.0956, email: ,
More informationNeural Mechanisms of Belief Inference during Cooperative Games
10744 The Journal of Neuroscience, August 11, 2010 30(32):10744 10751 Behavioral/Systems/Cognitive Neural Mechanisms of Belief Inference during Cooperative Games Wako Yoshida, Ben Seymour, Karl J. Friston,
More informationNeurophysiology and Information
Neurophysiology and Information Christopher Fiorillo BiS 527, Spring 2011 042 350 4326, fiorillo@kaist.ac.kr Part 10: Perception Reading: Students should visit some websites where they can experience and
More informationFull terms and conditions of use:
This article was downloaded by: [148.251.232.83] On: 18 November 2018, At: 10:37 Publisher: Institute for Operations Research and the Management Sciences (INFORMS) INFORMS is located in Maryland, USA Management
More informationChoosing the Greater of Two Goods: Neural Currencies for Valuation and Decision Making
Choosing the Greater of Two Goods: Neural Currencies for Valuation and Decision Making Leo P. Surgre, Gres S. Corrado and William T. Newsome Presenter: He Crane Huang 04/20/2010 Outline Studies on neural
More informationReward Hierarchical Temporal Memory
WCCI 2012 IEEE World Congress on Computational Intelligence June, 10-15, 2012 - Brisbane, Australia IJCNN Reward Hierarchical Temporal Memory Model for Memorizing and Computing Reward Prediction Error
More informationNeuroimaging. BIE601 Advanced Biological Engineering Dr. Boonserm Kaewkamnerdpong Biological Engineering Program, KMUTT. Human Brain Mapping
11/8/2013 Neuroimaging N i i BIE601 Advanced Biological Engineering Dr. Boonserm Kaewkamnerdpong Biological Engineering Program, KMUTT 2 Human Brain Mapping H Human m n brain br in m mapping ppin can nb
More informationAssessment and Estimation of Risk Preferences (Outline and Pre-summary)
Assessment and Estimation of Risk Preferences (Outline and Pre-summary) Charles A. Holt and Susan K. Laury 1 In press (2013) for the Handbook of the Economics of Risk and Uncertainty, Chapter 4, M. Machina
More informationDecision neuroscience seeks neural models for how we identify, evaluate and choose
VmPFC function: The value proposition Lesley K Fellows and Scott A Huettel Decision neuroscience seeks neural models for how we identify, evaluate and choose options, goals, and actions. These processes
More informationDEMOGRAPHICS AND INVESTOR BIASES AT THE NAIROBI SECURITIES EXCHANGE, KENYA
International Journal of Arts and Commerce Vol. 6 No. 5 July 2017 DEMOGRAPHICS AND INVESTOR BIASES AT THE NAIROBI SECURITIES EXCHANGE, KENYA Zipporah Nyaboke Onsomu 1, Prof. Erasmus Kaijage 2, Prof. Josiah
More informationDistinct valuation subsystems in the human brain for effort and delay
Supplemental material for Distinct valuation subsystems in the human brain for effort and delay Charlotte Prévost, Mathias Pessiglione, Elise Météreau, Marie-Laure Cléry-Melin and Jean-Claude Dreher This
More informationIntroduction to Computational Neuroscience
Introduction to Computational Neuroscience Lecture 10: Brain-Computer Interfaces Ilya Kuzovkin So Far Stimulus So Far So Far Stimulus What are the neuroimaging techniques you know about? Stimulus So Far
More informationExploring the Nature of Trading Intuition
ExploringtheNatureof TradingIntuition AntoineJBruguier 1,StevenRQuartz 1 andpeterlbossaerts 1,2 1CaliforniaInstituteofTechnology,Pasadena,CA91125,USA 2EPFL,CH 1015Lausanne,Switzerland Thisversion:28July2008
More informationToday s lecture. A thought experiment. Topic 3: Social preferences and fairness. Overview readings: Fehr and Fischbacher (2002) Sobel (2005)
Topic 3: Social preferences and fairness Are we perfectly selfish? If not, does it affect economic analysis? How to take it into account? Overview readings: Fehr and Fischbacher (2002) Sobel (2005) Today
More informationCooperation and heterogeneity of the autistic mind
Europe PMC Funders Group Author Manuscript Published in final edited form as: J Neurosci. 2010 June 30; 30(26): 8815 8818. doi:10.1523/jneurosci.0400-10.2010. Cooperation and heterogeneity of the autistic
More informationLIMITS TO SUPERIOR PERFORMANCE
LIMITS TO SUPERIOR PERFORMANCE 2014 ASCA World Clinic Kirk Grand Performance and Exercise Psychophysiology Lab Performance and Exercise Psychophysiology The interaction between the mind and body Beta
More informationIrrationality in Game Theory
Irrationality in Game Theory Yamin Htun Dec 9, 2005 Abstract The concepts in game theory have been evolving in such a way that existing theories are recasted to apply to problems that previously appeared
More informationMSc Neuroimaging for Clinical & Cognitive Neuroscience
MSc Neuroimaging for Clinical & Cognitive Neuroscience School of Psychological Sciences Faculty of Medical & Human Sciences Module Information *Please note that this is a sample guide to modules. The exact
More informationPsychology 466: Judgment & Decision Making
Psychology 466: Judgment & Decision Making Psychology 466: Judgment & Decision Making Instructor: John Miyamoto 09/28/2017: Lecture 01-2 Note: This Powerpoint presentation may contain macros that I wrote
More informationWhy start a business? 1. What is an entrepreneur? 2. List the reasons for why people start up their own businesses? 3. What is a social enterprise?
Revision Cards Why start a business? 1. What is an entrepreneur? 2. List the reasons for why people start up their own businesses? 3. What is a social enterprise? Finding a gap in the market 1. What is
More informationA Model of Dopamine and Uncertainty Using Temporal Difference
A Model of Dopamine and Uncertainty Using Temporal Difference Angela J. Thurnham* (a.j.thurnham@herts.ac.uk), D. John Done** (d.j.done@herts.ac.uk), Neil Davey* (n.davey@herts.ac.uk), ay J. Frank* (r.j.frank@herts.ac.uk)
More informationLecture 10: Some experimental data on cognitive processes in the brain
NN B 09 1 Lecture 10: Some experimental data on cognitive processes in the brain Wolfgang Maass Institut für Grundlagen der Informationsverarbeitung Technische Universität Graz, Austria Institute for Theoretical
More informationPhilosophy, Psychology and Informatics Group. 04/03/09
Philosophy, Psychology and Informatics Group 04/03/09 r.kyle@ed.ac.uk 1 The biological basis of cognitive control from the immune, endocrine, or central nervous system? BEYOND NEUROTRANSMISSION JOURNAL
More informationCourse Departmental Prefix and #: Title: Course Departmental Prefix and #: Title: Course Departmental Prefix and #: Title:
Psychology Major Tracking Sheet AB Requirements Eleven (11) courses in psychology are required for the major. The major is devised to provide breadth and depth, a small group course in psychology, and
More informationNeuroImage 47 (2009) Contents lists available at ScienceDirect. NeuroImage. journal homepage:
NeuroImage 47 (2009) 1929 1939 Contents lists available at ScienceDirect NeuroImage journal homepage: www.elsevier.com/locate/ynimg Neural correlates of risk prediction error during reinforcement learning
More informationDeciding Fast and Slow in Risk Decision Making: An Experimental Study
Association for Information Systems AIS Electronic Library (AISeL) ICEB 2017 Proceedings International Conference on Electronic Business Winter 12-4-2017 Deciding Fast and Slow in Risk Decision Making:
More informationArticle. Differential Representations of Prior and Likelihood Uncertainty in the Human Brain
Current Biology 22, 1641 1648, September 25, 2012 ª2012 Elsevier Ltd All rights reserved http://dx.doi.org/10.1016/j.cub.2012.07.010 Differential Representations of Prior and Likelihood Uncertainty in
More informationThe Value of Genuine and Polite Smiles
Emotion 2011 American Psychological Association 2011, Vol. 11, No. 1, 169 174 1528-3542/11/$12.00 DOI: 10.1037/a0022601 BRIEF REPORT The Value of Genuine and Polite Smiles Danielle M. Shore and Erin A.
More informationIntelligent Adaption Across Space
Intelligent Adaption Across Space Honors Thesis Paper by Garlen Yu Systems Neuroscience Department of Cognitive Science University of California, San Diego La Jolla, CA 92092 Advisor: Douglas Nitz Abstract
More informationReinforcement learning and the brain: the problems we face all day. Reinforcement Learning in the brain
Reinforcement learning and the brain: the problems we face all day Reinforcement Learning in the brain Reading: Y Niv, Reinforcement learning in the brain, 2009. Decision making at all levels Reinforcement
More informationCrossroads of economics and cognitive science.
Crossroads of economics and cognitive science. David Laibson Summer, 2002 Outline 1. A map of the two fields (terminology and methods) 2. Some economic questions raised by neuroscience. brainstorm make
More informationFully Employed MBA (MGMT FE)
Fully Employed MBA (MGMT FE) 1 Fully Employed MBA (MGMT FE) Courses MGMT FE 200. Responding to Dynamic Times: Thinking Strategically in Organizations. 6 Units. Focuses on the strategic and organizational
More informationMacroeconomic Experiments
Macroeconomic Experiments Frank Heinemann 1 and Charles N. Noussair 2 September 2015 1. Introduction Experimental macroeconomics encompasses several strands of research. Their common feature is that the
More informationComment on Ken Arrow: The social determination of behavior. Karla Hoff
Comment on Ken Arrow: The social determination of behavior Karla Hoff The standard model assumes a rational actor Stable & autonomous preferences Autonomous people Market Under some conditions: Perfect
More informationMODEL-BASED DECISION MAKING
MODEL-BASED DECISION MAKING IN THE HUMAN BRAIN Thesis by Alan Nicolás Hampton In Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy CALIFORNIA INSTITUTE OF TECHNOLOGY Pasadena,
More informationECONOMICS OF HEALTH INEQUALITY
TINBERGEN INSTITUTE SUMMER SCHOOL ECONOMICS OF HEALTH INEQUALITY ERASMUS UNIVERSITY ROTTERDAM 25-29 JUNE 2018 This course will arm you with tools to measure health inequality. In addition to gaining competence
More informationDopamine, Inference, and Uncertainty
Dopamine, Inference, and Uncertainty Samuel J. Gershman Department of Psychology and Center for Brain Science, Harvard University July 22, 2017 Abstract The hypothesis that the phasic dopamine response
More informationMaster of Business Administration: Fall 2017/Spring 2018/Fall Semesters (45 Credits)
Master of Business Administration: Fall 2017/Spring 2018/Fall 2018-3 Semesters (45 Credits) 4 Required non-credit courses: MGMT 6010 Heroes, Leaders & Innovators (Fall) TBA MGMT 7230 Professional Development
More informationThe Keynesian Beauty Contest: Economic System, Mind, and Brain
The Keynesian Beauty Contest: Economic System, Mind, and Brain Rosemarie Nagel (ICREA-UPF-BGSE) Felix Mauersberger (University Bonn) Christoph Bühren (University Kassel) Prepared for the Conference on
More informationSpinoff November 28, 2014
Spinoff November 28, 2014 Exchange/Memo ID:203465 ONN / OCC ID: 35716 E-HOUSE (CHINA) HOLDINGS LIMITED - DISTRIBUTION DESCRIPTION: E-House (China) Holdings Limited (EJ) has announced a distribution of
More informationNeurophysiology and Information: Theory of Brain Function
Neurophysiology and Information: Theory of Brain Function Christopher Fiorillo BiS 527, Spring 2012 042 350 4326, fiorillo@kaist.ac.kr Part 5: The Brain s Perspective: Application of Probability to the
More informationDopamine, Inference, and Uncertainty
LETTER Communicated by Elliot Ludvig Dopamine, Inference, and Uncertainty Samuel J. Gershman gershman@fas.harvard.edu Department of Psychology and Center for Brain Science, Harvard University, Cambridge,
More informationdiscussion of the paper The Potential of Big Housing Data by M. Loberto, A. Luciani, M. Pangallo
Stefano Nardelli European Central Bank Monetary Policy Strategy Division discussion of the paper The Potential of Big Housing Data by M. Loberto, A. Luciani, M. Pangallo Harnessing Big Data & Machine Learning
More informationReasons and Emotions that Guide Stakeholder s Decisions and Have an Impact on Corporate Reputation
Book Summaries Strategy Documents L16/2015 Reasons and Decisions and Why is it easier to trust certain companies and people rather than others? How can trust be built through our beliefs? How are emotions
More informationGame Theory. Uncertainty about Payoffs: Bayesian Games. Manar Mohaisen Department of EEC Engineering
240174 Game Theory Uncertainty about Payoffs: Bayesian Games Manar Mohaisen Department of EEC Engineering Korea University of Technology and Education (KUT) Content Bayesian Games Bayesian Nash Equilibrium
More informationHuman and Optimal Exploration and Exploitation in Bandit Problems
Human and Optimal Exploration and ation in Bandit Problems Shunan Zhang (szhang@uci.edu) Michael D. Lee (mdlee@uci.edu) Miles Munro (mmunro@uci.edu) Department of Cognitive Sciences, 35 Social Sciences
More informationAxiomatic methods, dopamine and reward prediction error Andrew Caplin and Mark Dean
Available online at www.sciencedirect.com Axiomatic methods, dopamine and reward prediction error Andrew Caplin and Mark Dean The phasic firing rate of midbrain dopamine neurons has been shown to respond
More informationWhat Drives Peer Effects in Financial Decision-Making? Neural and Behavioral Evidence
What Drives Peer Effects in Financial Decision-Making? Neural and Behavioral Evidence CARY FRYDMAN * December 2014 ABSTRACT We use neural data collected from an experimental asset market to test the underlying
More informationBayesian integration in sensorimotor learning
Bayesian integration in sensorimotor learning Introduction Learning new motor skills Variability in sensors and task Tennis: Velocity of ball Not all are equally probable over time Increased uncertainty:
More informationBeyond fmri. Joe Kable Summer Workshop on Decision Neuroscience August 21, 2009
Beyond fmri Joe Kable Summer Workshop on Decision Neuroscience August 21, 2009 What are the strengths of fmri?! Noninvasive, safe! Can be done in humans! Verified correlate of neural activity! Great spatio-temporal
More informationAn Experimental Investigation of Self-Serving Biases in an Auditing Trust Game: The Effect of Group Affiliation: Discussion
1 An Experimental Investigation of Self-Serving Biases in an Auditing Trust Game: The Effect of Group Affiliation: Discussion Shyam Sunder, Yale School of Management P rofessor King has written an interesting
More informationMirror Neurons in Primates, Humans, and Implications for Neuropsychiatric Disorders
Mirror Neurons in Primates, Humans, and Implications for Neuropsychiatric Disorders Fiza Singh, M.D. H.S. Assistant Clinical Professor of Psychiatry UCSD School of Medicine VA San Diego Healthcare System
More informationSelective and graded coding of reward uncertainty by neurons in the primate anterodorsal septal region
Selective and graded coding of reward uncertainty by neurons in the primate anterodorsal septal region Ilya E Monosov & Okihide Hikosaka npg 213 Nature America, Inc. All rights reserved. Natural environments
More informationA Summary of Iowa Cattle Market Data
A Summary of Iowa Cattle Market Data A.S. Leaflet R2583 Garland Dahlke, extension program specialist; Daryl Strohbehn, professor emeritus of Animal Science, Iowa Beef Center Summary and Implications Commodity
More informationMASSACHUSETTS INSTITUTE OF TECHNOLOGY
MASSACHUSETTS INSTITUTE OF TECHNOLOGY HARRY DI PEI harrydp@mit.edu OFFICE CONTACT INFORMATION 77 Massachusetts Avenue, E52-301 harrydp@mit.edu http://economics.mit.edu/grad/harrydp MIT PLACEMENT OFFICER
More informationJohn Templeton Foundation
John Templeton Foundation In keeping with Sir John Templeton's intent, his Foundation serves as a philanthropic catalyst for research and discoveries relating to what scientists and philosophers call the
More information