Psychophysical Neuroeconomics

Taiki Takahashi, Hokkaido University

The roles of psychophysical laws in human economic decision-making has recently been attracting attention. In this seminar, I will introduce how mathematical characteristics of psychophysical laws may account for several types of anomalies in human economic decision. The planned topics include hyperbolic time-discounting in intertemporal choice, Allais paradox in decision under risk, and the violation of Savage’s sure-thing principle in the Prisoner’s Dilemma Game. Future directions in combination of psychophysical and molecular neuroeconomics will also be discussed.

Location

London Mathematical Laboratory, 14 Buckingham Street, London, WC2N 6DF

Date & Time

Thursday 5th June 2014 at 14.00hrs

Registration

LML Seminars are free to attend and no registration is required.