How Neurobiology Elucidates the Role of Emotions in Financial Decision-Making.
Published version
Peer-reviewed
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Repository DOI
Type
Article
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Authors
Bossaerts, Peter
Abstract
Over the last 15 years, a revolution has been taking place in neuroscience, whereby models and methods of economics have led to deeper insights into the neurobiological foundations of human decision-making. These have revealed a number of widespread mis-conceptions, among others, about the role of emotions. Furthermore, the findings suggest that a purely behavior-based approach to studying decisions may miss crucial features of human choice long appreciated in biology, such as Pavlovian approach. The findings could help economists formalize elusive concepts such as intuition, as I show here for financial "trading intuition."
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Keywords
biomarkers, choice theory, decision neuroscience, emotions, financial decisions and choices, neurobiology, neurofinance
Journal Title
Front Psychol
Conference Name
Journal ISSN
1664-1078
1664-1078
1664-1078
Volume Title
12
Publisher
Frontiers Media SA