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Foundations of Neuroeconomic Analysis$
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Paul W. Glimcher

Print publication date: 2010

Print ISBN-13: 9780199744251

Published to Oxford Scholarship Online: January 2011

DOI: 10.1093/acprof:oso/9780199744251.001.0001

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Stochasticity and the Separation of Utility from Choice

Stochasticity and the Separation of Utility from Choice

Chapter:
(p.193) 9 Stochasticity and the Separation of Utility from Choice
Source:
Foundations of Neuroeconomic Analysis
Author(s):

Paul W. Glimcher

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199744251.003.0009

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

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