Ready to Face the Future: Brain Mechanisms for Cognitive Flexibility and Exploration

Sylvain Charron and Sven Collette
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Sylvain Charron: Laboratoire de Sciences Cognitives et Psycholinguistic, ENS, EHESS, CNRS - UMR 8554
Sven Collette: Laboratoire de Neurosciences Cognitives, ENS - INSERM U960

No 2012035, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: Solving the exploration/exploitation trade-off is a fundamental issue for an organism living in an uncertain and changing environment. This review describes how a stream of cognitive neuroscience studies linked exploratory behaviour to structures in the human prefrontal cortex, then identified the brain mechanisms involved in the online adaptation of behaviour relatively to reward changes, and finally revealed fundamental limitations in the processing of information at the prefrontal level. The experiments and the results we present could particularly be of interest to economists who want to understand how cognitive neuroscience identify key processes in the human brain and shapes our understanding of decision-making.

Keywords: Neuroeconomics; Exploration; Prefontal cortex (search for similar items in EconPapers)
JEL-codes: C91 D81 D83 D87 (search for similar items in EconPapers)
Pages: 9
Date: 2012-09-01
Note: Special Issue : Trust and Decision through Neuro-Economics
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