Choices, values and neurons
15.06.2010
15.06.2010
12:00 - 13:30
Milan
Fondazione Eni Enrico Mattei
Corso Magenta 63
20123 Milan
h. 12.00 Seminar
h. 13.00 Light Lunch
Camillo Padoa Schioppa, Assistant Professor of Neurobiology and Assistant Professor of Economics (Courtesy), Washington University in St Louis
Seminars Office, [email protected]
As a mental process, economic choice entails assigning values to the available options; a decision is then made by comparing these values. Thus a central question in the emerging field of Neuroeconomics is how values are computed and compared in the brain. Clinical studies indicate that brain lesions localized in the orbitofrontal cortex (OFC) — a region of the frontal lobe — disrupt economic choice behavior. More specifically, recent results show that individual neurons in the OFC represent the subjective value agents assign to different goods while choosing. These data suggest that economic choices may be based on values represented in the OFC.