Part 1: What is a decision?
1. Varieties of decision making (overview of course)
Part 2: Normative decision theory: How an optimal system should make decisions
2. axiomatic approach from economics
- TBD reading on expected utility theory
3. Bayesian decision theory
Körding, K. P. (2007). Decision Theory: What “Should” the Nervous System Do? Science, 318(5850), 606–610. http://doi.org/10.1126/science.1142998
4. Information accumulation
Smith & Ratcliff, 2004, Psychology and neurobiology of simple decisions. TINS.
Part 3: Psychology: How humans make decisions
5. Anomalies: the ascendence of psychology and behavioral economics
Kahneman, D. (2003). A perspective on judgment and choice. American Psychologist,
6. Judgment: Anchoring and adjustment
Chapman, G.B. & Johnson, E.J. (2002). Incorporating the irrelevant: Anchors in
judgment of belief and value
7. Heuristics: availability, representativeness
Tversky, A., & Kahneman, D. (1974). Judgment under uncertainty: Heuristics and biases.
Science, 185, 1124-1131.
8. Risk and uncertainty: Risk perception, risk attitudes
Slovic, P. (1987). Perception of risk. Science, 236, 280-285
9. Prospect theory
Kahneman, D. & Tversky A. (1984). Choices, values, and frames. American
Psychologist, 39, 341–350.
10. Framing, endowment effects, and applications of prospect theory
Kahneman, D., Knetsch, J.L., & Thaler, R.H. (1991). The endowment effect, loss
aversion, and status quo bias. Journal of Economic Perspectives, 5, 193-206.
11. Varieties of utility
Kahneman, Wakker, & Sarin (1997). Back to Bentham: Explorations of experienced utility. Quarterly Journal of Economics.
12. Intertemporal choice and self-control
Mischel, W., Shoda, Y., & Rodriguez, M.L. (1989). Delay of gratification in children. Science, 244, pp. 933-938.
13. Emotion and decision making
Rottenstreich, Y. & Hsee, C.K. (2001). Money, kisses and electric shocks: On the
affective psychology of risk. Psychological Science, 12, 185-190.
14. Social decision making and game theory
Part 4: Neuroscience of decision making
15. Neuroscience of simple decisions
Sugrue, Corrado, & Newsome (2005). Choosing the greater of two goods: neural currencies for valuation and decision making. Nature Reviews Neuroscience.
16. Neuroscience of Value-based decision making
Rangel et al., 2008, A framework for studying the neurobiology of value-based decision making
17. Reinforcement learning and dopamine, wanting/liking
Schultz, Montague, and Dayan (1997) A neural substrate of prediction and reward
18. Decision making in simple organisms
Reading TBD (c. elegans, snails, slime mold, etc)
Part 5: Ethical issues
19. Free will
Roskies (2006) Neuroscientific challenges to free will and responsibility.
Shadlen & Roskies (2012). The neurobiology of decision-making and responsibility: reconciling mechanism and mindedness.