Advanced Search
MyIDEAS: Login

Seeking Ambiguity: a Review on Neuroimaging Studies on Decision Making under Ambiguity

Contents:

Author Info

  • Fumihiko Taya
Registered author(s):

    Abstract

    Recent developments of neuroimaging technology enable us to investigate the brain network implicated in economical decision making (Glimcher et al. 2004; Camerer 2008). One of the fascinating topic is ?ambiguity aversion? where people tend to avoid unknown options as demonstrated by Ellsberg paradox. Although ?ambiguity aversion? has been consistently observed in a variety of situations, uncertainty due to incomplete knowledge can be resolved by obtaining missing information, and people explore the ambiguous options as well. Here, we review a number of neuroimaging studies on ?ambiguity aversion? and associated works. It has been shown that the affective OFC and the cognitive prefrontal cortex play a crucial role in decision making under uncertainty. We discuss what kinds of cognitive function are involved in the decision making process by overviewing neuroimaging studies on higher cognitive processes in general including exploratory behavior. JEL Classification: D87.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REL_783_0083
    Download Restriction: restricted

    File URL: http://www.cairn.info/revue-recherches-economiques-de-louvain-2012-3-page-83.htm
    Download Restriction: restricted

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by De Boeck Université in its journal Recherches économiques de Louvain.

    Volume (Year): 78 (2012)
    Issue (Month): 3 ()
    Pages: 83-100

    as in new window
    Handle: RePEc:cai:reldbu:rel_783_0083

    Contact details of provider:
    Web page: http://www.cairn.info/revue-recherches-economiques-de-louvain.htm

    Related research

    Keywords: ambiguity aversion; exploration; fMRI;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cai:reldbu:rel_783_0083. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.