神經經濟學課程大綱Course Syllabus for Topics in Neuroeconomics

Class Time: Thursday, 9:10am-12:10pm at 社法13教室        Office Hours: By email appointment

 

Instructor: Chen-Ying Huang (黃貞穎)             E-mail: chenying@ntu.edu.tw

Office: 社法學院研究大樓417室                                     Office Phone: (02)2351-9641ext506

Instructor: Joseph Tao-yi Wang (王道一)                         E-mail: josephw@ntu.edu.tw

Office: 社法學院研究大樓425室                                     Office Phone: (02)2351-9641ext514

 

Course Description:

This is a graduate level topics course on neuroeconomics.  The purpose is to discuss selected papers on certain topics regarding neuroeconomics, such as functional Magnetic Resonance Imaging (fMRI), video-based eyetracking, and so on.  You will be expected to present some papers in class, and practice to write referee reports. 

 

Useful Links:

Anatomical Directional Terms: http://biology.about.com/library/blanterior.htm

Brodmann’s Map (Old Brain Area Labeling): http://www.umich.edu/~cogneuro/jpg/Brodmann.html

Talairach Daemon (Brain Coordinates): http://www.talairach.org/

SPM2 (Matlab Toolbox for fMRI data processing): http://www.fil.ion.ucl.ac.uk/spm/software/spm2/

 

Reading List:

1.    Introduction [9/18]

Camerer (2007), “Neuroeconomics: Using Neuroscience to Make Economic Predictions,” Economic Journal, 117 (519), C26 - C42.  (Introduction)

Caplin and Dean (2008), “Economic Insights from ‘Neuroeconomic’ Data,” American Economic Review, 98 (2), 169–74. (Introduction)

(Optional) Montague, P. Read (2007) Neuroeconomics: A View from Neuroscience. Functional Neurology, 22(4): 219-234. (Introduction)

 

2.      fMRI Basics (Guest Speaker) [9/25]

Wager, Hernandez, Jonides and Lindquist (2007), “Elements of functional Neuroimaging,” Handbook of Psychophysiology, 3rd ed., Chapter 2, 19-55.  (fMRI)

 

3.      Reward (in Primates) [10/2]

Fiorillo, Tobler and Schultz (2003), “Discrete Coding of Reward Probability and Uncertainty by Dopamine Neurons,” Science 299 (5614), 1898-1902. (Monkeys)

Padoa-Schioppa and Assad (2006), “Neurons in the Orbitofrontal Cortex Encode Economic Value,” Nature 441 (7090), 223-226. (Monkey)

 

4.    Reward and Regret (in Human) [10/9]

Preuschoff, Bossaerts and Quartz (2006), “Neuron Differentiation of Expected Reward and Risk in Human Subcortical Structures,” Neuron 51 (3), 381-390. (Presenter: 陳亮宇)

Coricelli, Critchley, Joffily, O'Doherty, Sirigu and Dolan (2005), “Regret and Its Avoidance: A Neuroimaging Study of Choice Behavior,” Nature Neuroscience 8, 1255-1262 (Presenter: 莊額嘉)

 

5.    Games (in Primates) [10/16]

Dorris and Glimcher (2004), “Activity in Posterior Parietal Cortex Is Correlated with the Relative Subjective Desirability of Action,” Neuron 44, 365-378.  (Monkeys) (Presenter: 王道一)

Barraclough, Conroy and Lee (2004), “Prefrontal Cortex and Decision Making in a Mixed Strategy Game,” Nature Neuroscience 7 (4), 404-410.  (Monkeys)  (Presenter: 黃貞穎)

 

6.    Fairness, Equity and Efficiency [10/23]

Knoch, Pascual-Leone, Meyer, Treyer and Fehr (2006), “Diminishing Reciprocal Fairness by Disrupting thr Right Prefrontal Cortex,” Science 314, 3 November 2006, 912-915. [SOM] (TMS) (Presenter: 凃又菘)

Hsu, Anen and Quartz (2008), “The Right and the Good: Distributive Justice and Neural Encoding of Equity and Efficiency,” Science 320 (5879), 1092-1095. [SOM]  (fMRI) (Presenter: 洪介興)

 

7.    Charitable Giving [10/30]

Tankersley, Stowe and Huettel (2007), “Altruism Is Associated with a Neural Response to Agency,” Nature Neuroscience 10, 150-151.  More about the MID task can be found in Knutson, Westdorp, Kaiser and Hommer (2000),  “FMRI Visualization of Brain Activity during a Monetary Incentive Delay Task,” NeuroImage, 12(1), pp.20-27.  (fMRI) (Presenter: 范耿維) 

Moll, Krueger, Zahn, Pardini, Oliveira-Souza and Grafman (2006), “Human Fronto-Mesolimbic Networks Guide Decisions about Charitable Donations,” PNAS 103 (42), 15623-15628. [SOM] (Presenter: 洪崇瑋)

 

Further Reading on Social Preferences:

a)    Lee (2008), “Game Theory and Neural Basis of Social Decision Making,” Nature Neuroscience, 11, 404-409.  (Review)

b)    Sanfey (2007), “Social Decision-Making: Insights from Game Theory and Neuroscience,” Science 318 (5850), 598-602.  (Review)

c)    Harbaugh, Mayr and Burghar (2007), “Neural Responses to Taxation and Voluntary Giving Reveal Motives for Charitable Donations,” Science 316 (5831), 1622 – 1625.  (fMRI)

d)    Krueger, McCabe, Moll, Kriegeskorte, Zahn, Strenziok, Heinecke, and Grafman (2007), “Neural correlates of trust,” PNAS 104 (50), 20084-20089.  (fMRI)

 

8.    Morality [11/6]

Greene, Sommerville, Nystrom, Darley and Cohen (2001), “An FMRI Investigation of Emotional Engagement in Moral Judgment,” Science 293 (5537), 2105-2108. [SOM] (fMRI) (Presenter: 陳俊廷)

Koenigs, Young, Aldophs, Tranel, Cushman, Hauser and Damasio (2007), “Damage to the Prefrontal Cortex Increases Utilitarian Moral Judgments,” Nature 446, 908-911. (Lesions) (Presenter: 陳瑀屏)

 

9.    Prospect Theory (Gain vs. Loss Reference Points) [11/20]

DeMartino, Kumaran, Seymour and Dolan (2006), “Frames, Biases, and Rational Decision-Making in the Human Brain,” Science 313, 684-687. [SOM] (Presenter: 林瑞嘉)

Tanaka, Camerer and Nguyen (2007), “Risk and time preferences: Experimental and household data from Vietnam,” 3rd round revision for the American Economic Review. (Field Experiments) (Presenter: 林柏宇)

 

10.           Time Inconsistency [11/27]

McClure, Laibson, Loewenstein and Cohen (2004), “Separate Neural Systems Value Immediate and Delayed Monetary Rewards” Science 306 (5695), 503-507. (fMRI) (Presenter: 徐偉閔)

Fudenberg and Levine (2006), “A Dual-Self Model of Impulse Control,” American Economic Review, 96 (5), 1449-1476.  (Theory) (Presenter: 鄭宜玲)

 

11.           Immediate Rewards [12/4]

McClure, Ericson, Laibson, Loewenstein, and Cohen (2007) “Time Discounting for Primary Rewards.” Journal of Neuroscience, 27, 5796–5804. (fMRI + Juice) (Presenter: 翁子凡)

Brown, Camerer and Chua (2009), “Learning and Visceral Temptation in Dynamic Savings Experiments,” Quarterly Journal of Economics, forthcoming. (Juice) (Presenter: 莊亞涵)

 

12.           Risk and Ambiguity; Marketing [12/11]

Hsu, Bhatt, Adolphs, Tranel and Camerer (2005), “Neural Systems Responding to Degrees of Uncertainty In Human Decision Making,” Science, 310 (5754), 1680-1683. (fMRI) (Presenter: 粘志章)

(Optional) Huettel, Stowe, Gordon, Warner and Platt (2006), “Neural Signatures of Economic Preferences for Risk and Ambiguity,” Neuron 49 (5), 765-775. (fMRI)

McClure, Samuel, Li, Tomlin, Cypert, Motague and Motague (2004), “Neural Correlates of Behavioral Preference for Culturally Familiar Drinks,” Neuron 44 (2), 379-387. (Presenter: 王怡文)

Knutson, Rick, Wimmer, Prelec and Loewenstein (2007), “Neural Predictors of Purchases,” Neuron 53 (1), 147-156. (Presenter: 卓成義)

 

13.           Special Guess Speakers: Ming Hsu and Hackjin Kim [12/18]

 

 

14.           Eyetracking Basics [12/25]

Beatty and Lucero-Wagoner (2000), “Pupillary system,” Handbook of Psychophysiology, 2nd ed., Chapter 6, 142-162. (Presenter: 梅韋婷)

Iacon (2007), “Detection of Deception,” Handbook of Psychophysiology, 3rd ed., Chapter 29, 688-703. (Presenter: 白宜平)

Wang, Spezio and Camerer (2008), “Pinnochio’s Pupil: Studying Truth-telling and Lying in Sender-Receiver Games”, working paper.  (Eyetracking) (Presenter: 黃慧中)

 

15.           Information Acquisition Before Decisions [1/8]

Johnson, Camerer, Sen and Rymon (2002), “Detecting Failures of Backward Induction: Monitoring Information Search in Sequential Bargaining,” Journal of Economic Theory, 104 (1), 16-47. (Mouse-tracking) (Presenter: 黃文傑)

Armel and Rangel (2008), “The Impact of Computation Time and Experience on Decision Values,” American Economic Review, 98 (2), 163–68. (Presenter: 徐偉閔)

Knoepfle, Wang and Camerer (2008), “Studying Learning in Games Using Eyetracking,” Journal of the European Economic Association, forthcoming.  (Eyetracking)

 

16.           (Optional) Heterogeneous Beliefs

Costa-Gomes and Crawford (2006), “Cognition and Behavior in Two-Person Guessing Games: An Experimental Study,” American Economic Review, 96 (5), 1737-1768. (Mouse-tracking)

Chen, Huang, and Wang (2008), “A Window of Cognition: Eyetracking the Decision-Making Process in Spatial Beauty Contest Games,” working paper. (Eyetracking)