Neuroeconomics

Question 1

Sanfey et. al (2003)

Answer 1

Unfair offers in the ultimatum game, two key contradicting goals i. Cognition - Money Max (Dorsolateral pre-frontal cortex) ii. Emotional - Fairness (Anterior Insula)

Question 2

Camerer, Loewenstein & Prelec (2005)

Answer 2

Identify different parts of the brain; some automatic some more logical and controlled - such nuances ignored by standard economic models

Question 3

Loewenstein & O’Donoghue (2006)

Answer 3

Systems 1 and 2 in the brain: 1: Abstract Goal = Diet 2: Visceral Reward = Pleasure

Question 4

Kosfeld et al. (2005)

Answer 4

Investor and Trustee game Oxytocin increases trust, but does not impact reciprocity or inequity aversion 45% percent show maximum trusting behaviour with Oxytocin, only 21% exhibit such behaviour without

Question 5

McClure et. al (2004)

Answer 5

SR and LR preferences are different, use fMRI to examine neurology of time discounting Beta-Delta model: Beta - limbic system of brain Delta - lateral PF cortex

Question 6

Coates et. al (2009)

Answer 6

2:4 digit ratio, “Prenatal androgen effects” Predicts trading profits and career duration in the competitive industry

Question 7

Reversed:

Unfair offers in the ultimatum game, two key contradicting goals i. Cognition - Money Max (Dorsolateral pre-frontal cortex) ii. Emotional - Fairness (Anterior Insula)

Answer 7

Sanfey et. al (2003)

Question 8

Reversed:

Identify different parts of the brain; some automatic some more logical and controlled - such nuances ignored by standard economic models

Answer 8

Camerer, Loewenstein & Prelec (2005)

Question 9

Reversed:

Systems 1 and 2 in the brain: 1: Abstract Goal = Diet 2: Visceral Reward = Pleasure

Answer 9

Loewenstein & O’Donoghue (2006)

Question 10

Reversed:

Investor and Trustee game Oxytocin increases trust, but does not impact reciprocity or inequity aversion 45% percent show maximum trusting behaviour with Oxytocin, only 21% exhibit such behaviour without

Answer 10

Kosfeld et al. (2005)

Question 11

Reversed:

SR and LR preferences are different, use fMRI to examine neurology of time discounting Beta-Delta model: Beta - limbic system of brain Delta - lateral PF cortex

Answer 11

McClure et. al (2004)

Question 12

Reversed:

2:4 digit ratio, “Prenatal androgen effects” Predicts trading profits and career duration in the competitive industry

Answer 12

Coates et. al (2009)