Advancing consumer neuroscience

Ale Smidts (), Ming Hsu (), Alan Sanfey (), Maarten Boksem (), Richard Ebstein (), Scott Huettel (), Joe Kable (), Uma Karmarkar (), Shinobu Kitayama (), Brian Knutson, Israel Liberzon (), Terry Lohrenz (), Mirre Stallen () and Carolyn Yoon ()

Marketing Letters, 2014, vol. 25, issue 3, 257-267

Abstract: In the first decade of consumer neuroscience, strong progress has been made in understanding how neuroscience can inform consumer decision making. Here, we sketch the development of this discipline and compare it to that of the adjacent field of neuroeconomics. We describe three new frontiers for ongoing progress at both theoretical and applied levels. First, the field will broaden its boundaries to include genetics and molecular neuroscience, each of which will provide important new insights into individual differences in decision making. Second, recent advances in computational methods will improve the accuracy and out-of-sample generalizability of predicting decisions from brain activity. Third, sophisticated meta-analyses will help consumer neuroscientists to synthesize the growing body of knowledge, providing evidence for consistency and specificity of brain activations and their reliability as measurements of consumer behavior. Copyright Springer Science+Business Media New York 2014

Keywords: Consumer neuroscience; Neuroeconomics; Social neuroscience; Genes; Machine learning; Meta-analysis (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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DOI: 10.1007/s11002-014-9306-1

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