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What Decision Neuroscience Teaches Us About Financial Decision Making

Bossaerts, Peter (2009) What Decision Neuroscience Teaches Us About Financial Decision Making. Annual Review of Financial Economics, 1 . pp. 383-404. ISSN 1941-1367. https://resolver.caltech.edu/CaltechAUTHORS:20161020-133601958

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Abstract

Financial decision making is the outcome of complex neurophysiological processes involving, among others, constant re-evaluation of the statistics of the problem at hand, balancing of the various emotional aspects, and computation of the very value signals that are at the core of modern economic thinking. The evidence suggests that emotions play a crucial supporting role in the mathematical computations needed for reasoned choice, rather than interfering with it, even if emotions (and their mathematical counterparts) may not always be balanced appropriately. Decision neuroscience can be expected in the near future to provide a number of effective tools for improved financial decision making.


Item Type:Article
Related URLs:
URLURL TypeDescription
http://dx.doi.org/10.1146/annurev.financial.102708.141514DOIArticle
http://www.annualreviews.org/doi/10.1146/annurev.financial.102708.141514PublisherArticle
ORCID:
AuthorORCID
Bossaerts, Peter0000-0003-2308-2603
Additional Information:© 2009 Annual Reviews. First published online as a Review in Advance on September 16, 2009.
Record Number:CaltechAUTHORS:20161020-133601958
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20161020-133601958
Official Citation:What Decision Neuroscience Teaches Us About Financial Decision Making Peter Bossaerts Annual Review of Financial Economics, Vol. 1: 383 -404 (Volume publication date December 2009)
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:71321
Collection:CaltechAUTHORS
Deposited By: Tony Diaz
Deposited On:20 Oct 2016 21:49
Last Modified:03 Oct 2019 16:06

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