Chapter

Stochasticity and the Separation of Utility from Choice

Paul W. Glimcher

in Foundations of Neuroeconomic Analysis

Published in print November 2010 | ISBN: 9780199744251
Published online January 2011 | e-ISBN: 9780199863433 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199744251.003.0009
Stochasticity and the Separation of Utility from Choice

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This chapter begins by reviewing what is known about the mechanism that links subjective value to action. The first and most important goal of this examination is to achieve a convincing mechanistic separation between expected subjective value and action. The second goal of the chapter is to identify mismatches between economic theory and neurobiological data within hard expected utility (Hard-EU) and to examine, as a test case, how neuroeconomics should deal with such mismatches.

Keywords: subjective value; action economic theory; neurobiological data; neuroeconomics

Chapter.  8648 words.  Illustrated.

Subjects: Neuropsychology

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