Receptor theory and biological constraints on value.
Ann N Y Acad Sci
; 1104: 301-9, 2007 May.
Article
en En
| MEDLINE
| ID: mdl-17435121
ABSTRACT
Modern economic theories of value derive from expected utility theory. Behavioral evidence points strongly toward departures from linear value weighting, which has given rise to alternative formulations that include prospect theory and rank-dependent utility theory. Many of the nonlinear forms for value assumed by these theories can be derived from the assumption that value is signaled by neurotransmitters in the brain, which obey simple laws of molecular movement. From the laws of mass action and receptor occupancy, we show how behaviorally observed forms of nonlinear value functions can arise.
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Colección:
01-internacional
Base de datos:
MEDLINE
Asunto principal:
Conducta
/
Encéfalo
/
Toma de Decisiones
Tipo de estudio:
Health_economic_evaluation
/
Prognostic_studies
Límite:
Animals
/
Humans
Idioma:
En
Revista:
Ann N Y Acad Sci
Año:
2007
Tipo del documento:
Article
País de afiliación:
Estados Unidos