Commentary on Edmund Rolls: "Emotion and reason in human decision-making"

Arbeitspapier

In his paper Emotion and reasoning in human decision-making (Economics Discussion Papers, No 2019-8) Edmund Rolls points out that multiple and independent types of reinforcement exist in the human brain, and that they cannot be reduced to a common currency. The present commentary introduces non-specialist readers to this wide variety of reinforcers, each of which carries equal biological value. The evolutionary forces underwriting them reveal much about the causes of our apparently irrational choices - which is why it is important for economists to acquaint themselves with such things.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Economics Discussion Papers ; No. 2019-45

Classification and Topics

• Classification: Wirtschaft ; Microeconomic Behavior: Underlying Principles ; Neuroeconomics ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Macro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy‡ ; Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡
• Subject: decision-making ; brain mechanisms ; basic emotions ; reward value ; economicvalue ; dominance hierarchies ; macroeconomics ; microeconomics ; affective neuroscience

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Solms, Mark
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/200986
• Last update: 10.03.2025, 11:42 AM CET