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Regular version of the site
Bachelor 2021/2022

Introduction to Neuroeconomics: How the Brain Makes Decisions

Type: Elective course (Journalism)
Area of studies: Journalism
Delivered by: Institute of Media
When: 3 year, 3 module
Mode of studies: distance learning
Open to: students of one campus
Instructors: Tatiana Tikhomirova
Language: English
ECTS credits: 4
Contact hours: 2

Course Syllabus

Abstract

Economics, psychology, and neuroscience are converging today into a unified discipline of Neuroeconomics with the ultimate aim of creating a single, general theory of human decision-making. Neuroeconomics provides biologists, economists, psychologists and social scientists with a deeper understanding of how they make their own decisions and how others decide. Neuroscience, when allied with psychology and economics, creates powerful new models to explain why we make decisions. Neurobiological mechanisms of decision-making, decisions under risk, trust and cooperation will be central issues in this course. You will be provided with the most recent evidence from brain-imaging techniques (fMRI, TMS, etc.) and introduced to the explanatory models behind them. The course does not require any prior study of economics and neuroscience; however, it might require you to study novel interdisciplinary materials. The course provides an introduction to the methodology, assumptions, and main findings of Neuroeconomics. Our students have different backgrounds; therefore, I have adapted and simplified the course to allow all students to understand the interdisciplinary content. This course will help you to start your progress in the field of Neuroeconomics and to further develop your skills during other more advanced courses and trainings in the future. For some topics, the course will also provide supplementary videos to reveal the opinions of leading experts in the field. Each module provides optional reading material.
Learning Objectives

Learning Objectives

  • To familiarize how neuroscience, in conjunction with psychology and Economics, creates powerful new models that explain why we make decisions.
  • To familiarize the neurobiological mechanisms of decision - making, risk-taking, trust and collaboration.
Expected Learning Outcomes

Expected Learning Outcomes

  • Names main features of the Diffusion Model.
  • Names terminology and experimental methods of Neuroeconomics.
  • Reads and understands results of Neuroeconomics papers.
  • Understands the role of emotion in decision-making and to introduce theories and basic findings of Neuroeconomics in this context.
Course Contents

Course Contents

  • Introduction to the Course
  • Introduction and Scope of Neuroeconomics
  • Neuroanatomy, Neurophysiology, and Neuroimaging: Tools of Neuroeconomics
  • Introducing Brain Models of Decision-Making and Choice
  • Neural Representation of Subjective Value
  • Affective Mechanisms of Decision-Making
  • Dual Process Theory of Decision-Making: Toward a Neuroeconomics Perspective
  • Decision-Making under Risk: Toward a Neuroeconomics Mechanism
  • The Social Brain: Games in the Brain
  • Evolutionary Perspective of Decision-Making
Assessment Elements

Assessment Elements

  • non-blocking Test. Introduction and Scope of Neuroeconomics
  • non-blocking Paper. Do people have Free Will...?
  • non-blocking Test. Neuroanatomy and Neurophysiology
  • non-blocking Test. Decision-Making
  • non-blocking Paper. Critical review: Diffusion model
  • non-blocking Test. The Nucleus Accumbens
  • non-blocking Test. Emotional Stimuli
  • non-blocking Test. The dark side of emotion in decision-making
  • non-blocking Test. Valuation System
  • non-blocking Test. Risk
  • non-blocking Paper. Ethical limitations in Neuroeconomics
  • non-blocking Paper. Neuroeconomics, Game Theory and decision-making in groups
  • non-blocking Test. Cooperation
  • non-blocking Essay. Biological mechanisms of decisions: The role of testosterone in decision-making
  • non-blocking Final Exam
  • non-blocking Test. Introduction and Scope of Neuroeconomics
  • non-blocking Paper. Do people have Free Will...?
  • non-blocking Test. Neuroanatomy and Neurophysiology
  • non-blocking Test. Decision-Making
  • non-blocking Paper. Critical review: Diffusion model
  • non-blocking Test. The Nucleus Accumbens
  • non-blocking Test. Emotional Stimuli
  • non-blocking Test. The dark side of emotion in decision-making
  • non-blocking Test. Valuation System
  • non-blocking Test. Risk
  • non-blocking Paper. Ethical limitations in Neuroeconomics
  • non-blocking Paper. Neuroeconomics, Game Theory and decision-making in groups
  • non-blocking Test. Cooperation
  • non-blocking Essay. Biological mechanisms of decisions: The role of testosterone in decision-making
  • non-blocking Final Exam
Interim Assessment

Interim Assessment

  • 2021/2022 3rd module
    0.28 * Final Exam + 0.04 * Paper. Ethical limitations in Neuroeconomics + 0.04 * Paper. Critical review: Diffusion model + 0.04 * Test. The dark side of emotion in decision-making + 0.04 * Test. Risk + 0.04 * Test. Introduction and Scope of Neuroeconomics + 0.04 * Test. Emotional Stimuli + 0.08 * Paper. Neuroeconomics, Game Theory and decision-making in groups + 0.08 * Test. The Nucleus Accumbens + 0.04 * Test. Cooperation + 0.08 * Test. Neuroanatomy and Neurophysiology + 0.04 * Test. Decision-Making + 0.08 * Test. Valuation System + 0.04 * Essay. Biological mechanisms of decisions: The role of testosterone in decision-making + 0.04 * Paper. Do people have Free Will...?
Bibliography

Bibliography

Recommended Core Bibliography

  • Bonanno, G., List, C., Tungodden, B., & Vallentyne, P. (2008). Introduction To The Special Issue Of Economics And Philosophy On Neuroeconomics. Economics and Philosophy, (03), 301. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.cup.ecnphi.v24y2008i03p301.302.00
  • McCabe, K., & Houser, D. (2008). Neuroeconomics. Bingley: Emerald Group Publishing Limited. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=283962
  • Paul W. Glimcher, & Ernst Fehr. (2014). Neuroeconomics : Decision Making and the Brain (Vol. 2nd edition). Amsterdam: Academic Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=486337

Recommended Additional Bibliography

  • Daniel Serra. (2019). Neuroeconomics and modern neuroscience. CEE-M Working Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.hal.wpceem.halshs.02160907
  • Politser, P. E. (2008). Neuroeconomics : A Guide to the New Science of Making Choices. Oxford: Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=218094