In this paper a computational cognitive model for decision making based on cost-benefit comparison is presented. The brain weighs costs against benefits by combining reward and loss signals into a single, difference-based neural representation of net value. The presented model integrates such findings of the literature and is able to explain a person’s decision making behavior through several scenarios.
|Title of host publication||Decision Economics|
|Subtitle of host publication||Minds, Machines, and their Society|
|Editors||Edgardo Bucciarelli, Shu-Heng Chen, Juan M. Corchado, Javier Parra D.|
|Publisher||Springer Science and Business Media Deutschland GmbH|
|Number of pages||11|
|Publication status||Published - 2021|
|Event||2nd International Conference on Decision Economics, DECON 2020 - Virtual, Online|
Duration: 17 Jun 2020 → 19 Jun 2020
|Name||Studies in Computational Intelligence|
|Conference||2nd International Conference on Decision Economics, DECON 2020|
|Period||17/06/20 → 19/06/20|
Bibliographical notePublisher Copyright:
© 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.
- Financial decision making