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Can Neuroscience Assist Us in Constructing Better Patterns of Economic Decision-Making?

Overview of attention for article published in Frontiers in Behavioral Neuroscience, October 2017
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  • Above-average Attention Score compared to outputs of the same age and source (60th percentile)

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Title
Can Neuroscience Assist Us in Constructing Better Patterns of Economic Decision-Making?
Published in
Frontiers in Behavioral Neuroscience, October 2017
DOI 10.3389/fnbeh.2017.00188
Pubmed ID
Authors

George Lăzăroiu, Aurel Pera, Ramona O. Ștefănescu-Mihăilă, Nela Mircică, Octav Negurită

Abstract

We draw on outstanding research (Sanfey et al., 2006; McCabe, 2008; Bernheim, 2009; Camerer, 2013; Radu and McClure, 2013; Declerck and Boone, 2016) to substantiate that neuroeconomics covers the investigation of the biological microfoundations of economic cognition and economic conduct, attempts to prove that a superior grasp of how choices are made brings about superior expectations regarding which options are selected, preserves the strictness of economic analysis in defining value-based decision, and associates imaging techniques with economic pattern to explain how individuals decide on a strategy taking into account various possible choices. Neuroeconomics is adequately prepared to regulate the notion of how choices are determined by mental states. The position that will be elaborated in this article is that neuroeconomic patterns are enabled and enhanced in descriptive capacity by psychological outcomes and substantiated in biological processes. Advancement in neuroeconomics takes place when outcomes from distinct procedures are coherent with an ordinary mechanistic clarification of what generates choice, construed by a computational pattern. We will develop this point further by proving that economics improves the concerted effort of neuroeconomics by using its observations in the various results that may stem from the planned and market interplays of diverse participants, and via a series of accurate, explicit, mathematical patterns to construe such interplays and results. Neuroeconomics experiments employ a mixture of brain imaging/stimulation tests advanced in the cognitive neurosciences and microeconomic systems/game theory tests advanced in the economic sciences. Our analyses indicate that neuroeconomics aims to employ the supplementary input gained from brain investigations, associated with the decision maker's selection, with the purpose of better grasping the cogitation process and to utilize the outcomes to enhance economic patterns.

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X Demographics

The data shown below were collected from the profiles of 9 X users who shared this research output. Click here to find out more about how the information was compiled.
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Mendeley readers

Mendeley readers

The data shown below were compiled from readership statistics for 71 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
Unknown 71 100%

Demographic breakdown

Readers by professional status Count As %
Student > Master 13 18%
Student > Ph. D. Student 10 14%
Student > Doctoral Student 6 8%
Student > Bachelor 4 6%
Professor 3 4%
Other 7 10%
Unknown 28 39%
Readers by discipline Count As %
Psychology 11 15%
Business, Management and Accounting 8 11%
Neuroscience 6 8%
Social Sciences 4 6%
Economics, Econometrics and Finance 3 4%
Other 9 13%
Unknown 30 42%
Attention Score in Context

Attention Score in Context

This research output has an Altmetric Attention Score of 5. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 06 November 2017.
All research outputs
#6,249,913
of 23,267,128 outputs
Outputs from Frontiers in Behavioral Neuroscience
#959
of 3,241 outputs
Outputs of similar age
#100,457
of 325,056 outputs
Outputs of similar age from Frontiers in Behavioral Neuroscience
#29
of 73 outputs
Altmetric has tracked 23,267,128 research outputs across all sources so far. This one has received more attention than most of these and is in the 73rd percentile.
So far Altmetric has tracked 3,241 research outputs from this source. They typically receive a lot more attention than average, with a mean Attention Score of 11.4. This one has gotten more attention than average, scoring higher than 69% of its peers.
Older research outputs will score higher simply because they've had more time to accumulate mentions. To account for age we can compare this Altmetric Attention Score to the 325,056 tracked outputs that were published within six weeks on either side of this one in any source. This one has gotten more attention than average, scoring higher than 68% of its contemporaries.
We're also able to compare this research output to 73 others from the same source and published within six weeks on either side of this one. This one has gotten more attention than average, scoring higher than 60% of its contemporaries.