Commentary on Edmund Rolls: "Emotion and reason in human decision-making"

Mark Solms

No 2019-45, Economics Discussion Papers from Kiel Institute for the World Economy

Abstract: In his paper Emotion and reasoning in human decision-making (Economics Discussion Papers, No 2019-8) Edmund Rolls points out that multiple and independent types of reinforcement exist in the human brain, and that they cannot be reduced to a common currency. The present commentary introduces non-specialist readers to this wide variety of reinforcers, each of which carries equal biological value. The evolutionary forces underwriting them reveal much about the causes of our apparently irrational choices - which is why it is important for economists to acquaint themselves with such things.

Keywords: decision-making; brain mechanisms; basic emotions; reward value; economicvalue; dominance hierarchies; macroeconomics; microeconomics; affective neuroscience (search for similar items in EconPapers)
JEL-codes: D01 D87 D91 E71 G41 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-cbe, nep-hpe, nep-pke and nep-upt
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http://www.economics-ejournal.org/economics/discussionpapers/2019-45
https://www.econstor.eu/bitstream/10419/200986/1/1670228797.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201945

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