1.

Record Nr.

UNINA9910136401203321

Autore

Kerstin Preuschoff

Titolo

Decision making under uncertainty / / topic editors Kerstin Preuschoff, Peter N. C. Mohr and Ming Hsu

Pubbl/distr/stampa

Frontiers Media SA, 2015

France : , : Frontiers Media SA, , 2015

ISBN

9782889194667 (ebook)

Descrizione fisica

1 online resource (143 pages) : illustrations

Collana

Frontiers Research Topics

Disciplina

153.8/3

Soggetti

Neurosciences

Biological psychiatry

Neuropsychiatry

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Sommario/riassunto

Most decisions in life are based on incomplete information and have uncertain consequences. To successfully cope with real-life situations, the nervous system has to estimate, represent and eventually resolve uncertainty at various levels. A common tradeoff in such decisions involves those between the magnitude of the expected rewards and the uncertainty of obtaining the rewards. For instance, a decision maker may choose to forgo the high expected rewards of investing in the stock market and settle instead for the lower expected reward and much less uncertainty of a savings account. Little is known about how different forms of uncertainty, such as risk or ambiguity, are processed and learned about and how they are integrated with expected rewards and individual preferences throughout the decision making process. With this Research Topic we aim to provide a deeper and more detailed understanding of the processes behind decision making under uncertainty.