An exploration of the serious/fun/ridiculous - past/present/future of the brain and the science that loves it....but this site is dead so visit the new omnibrain: http://scienceblogs.com/omnibrain

Sunday, April 23, 2006

Neuroeconomics - short and sweet

Here's a short NYTimes article on the infancy and future of neuroeconomics. Nice short read.
If one truth shines through, it is that people are not consistent or fully rational decision makers. Peter L. Bossaerts, an economics professor at the California Institute of Technology, has found that brains assess risk and return separately, rather than making a single calculation of what economists call expected utility.

posted by Steve at 4/23/2006 01:00:00 PM  

1 Comments:

Angela said...

And you are calling me a nerd?? Oh, wait, I guess I am, so that's fair...

Sun Apr 23, 08:39:39 PM CDT

 

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