Neuroeconomics: cross-currents in research on decision-making

Prospect Theory: An Analysis of Decision under Risk

Kahneman, D., & Tversky, A. (1979) · Econometrica · doi:10.2307/1914185 · Cited by 48,524

Prospect theory: An analysis of decision under risk

Kahneman, D., & Tversky, A. (1988) · Decision, Probability and Utility · doi:10.1017/cbo9780511609220.014 · Cited by 32,474

Judgment under Uncertainty: Heuristics and Biases: Biases in judgments reveal some heuristics of thinking under uncertainty.

Tversky, A., & Kahneman, D. (1974) · Science · doi:10.1126/science.185.4157.1124 · Cited by 28,810

Judgment under Uncertainty: Heuristics and Biases

Tversky, A., & Kahneman, D. (1975) · Utility, Probability, and Human Decision Making · doi:10.1007/978-94-010-1834-0_8 · Cited by 22,650

Theory of games and economic behavior

(2019) · 100 Years of Math Milestones · doi:10.1090/mbk/121/32 · Cited by 16,632

An Integrative Theory of Prefrontal Cortex Function

Miller, E. K., & Cohen, J. D. (2001) · Annual Review of Neuroscience · doi:10.1146/annurev.neuro.24.1.167 · Cited by 12,803

Transaction-Cost Economics: The Governance of Contractual Relations

Williamson, O. E. (1979) · The Journal of Law and Economics · doi:10.1086/466942 · Cited by 10,190

Time Discounting and Time Preference: A Critical Review

Frederick, S., Loewenstein, G. F., & O’Donoghue, T. (2002) · Journal of Economic Literature · doi:10.1257/002205102320161311 · Cited by 6,381

Controlled and automatic human information processing: I. Detection, search, and attention.

Schneider, W., & Shiffrin, R. M. (1977) · Psychological Review · doi:10.1037/0033-295x.84.1.1 · Cited by 5,902

Judgment Under Uncertainty: Heuristics and Biases.

Shafer, G. R., Kahnerman, D., Slovic, P., & Tversky, A. (1984) · Journal of the American Statistical Association · doi:10.2307/2288362 · Cited by 5,657

A perspective on judgment and choice: mapping bounded rationality.

Kahneman, D. (2003) · American Psychologist · doi:10.1037/0003-066x.58.9.697 · Cited by 5,540

Choices, Values, and Frames

Kahneman, D., & Tversky, A. (2013) · World Scientific Handbook in Financial Economics Series · doi:10.1142/9789814417358_0016 · Cited by 5,320

Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias

Kahneman, D., Knetsch, J. L., & Thaler, R. H. (1991) · Journal of Economic Perspectives · doi:10.1257/jep.5.1.193 · Cited by 5,019

The cognitive control of emotion

OCHSNER, K., & GROSS, J. (2005) · Trends in Cognitive Sciences · doi:10.1016/j.tics.2005.03.010 · Cited by 4,495

An integrative theory of locus coeruleus-norepinephrine function: adaptive gain and optimal performance

Aston-Jones, G., & Cohen, J. D. (2005) · Annual Review of Neuroscience · doi:10.1146/annurev.neuro.28.061604.135709 · Cited by 4,472

The neural basis of human error processing: Reinforcement learning, dopamine, and the error-related negativity.

Holroyd, C. B., & Coles, M. G. H. (2002) · Psychological Review · doi:10.1037/0033-295x.109.4.679 · Cited by 4,027

Theory of Games and Economic Behavior

N., E., von Neumann, J., & Morgenstern, O. (1945) · The Journal of Philosophy · doi:10.2307/2019327 · Cited by 4,006

Judgment under uncertainty: Heuristics and biases

Tversky, A., & Kahneman, D. (1982) · Judgment under Uncertainty · doi:10.1017/cbo9780511809477.002 · Cited by 3,643

Heuristics and Biases: The Psychology of Intuitive Judgment

Bottom, W. P., Gilovich, T., Griffin, D., & Kahneman, D. (2004) · The Academy of Management Review · doi:10.2307/20159081 · Cited by 3,536

The neural basis of economic decision-making in the Ultimatum Game.

Sanfey, A. G., Rilling, J. K., Aronson, J. A., Nystrom, L. E., & Cohen, J. D. (2003) · Science · doi:10.1126/science.1082976 · Cited by 3,375

Anterior Cingulate Cortex, Error Detection, and the Online Monitoring of Performance

Carter, C. S., Braver, T. S., Barch, D. M., Botvinick, M. M., Noll, D., & Cohen, J. D. (1998) · Science · doi:10.1126/science.280.5364.747 · Cited by 3,273

Separate neural systems value immediate and delayed monetary rewards

McClure, S. M., Laibson, D. I., Loewenstein, G., & Cohen, J. D. (2004) · Science · doi:10.1126/science.1100907 · Cited by 3,089

Choices, Values, and Frames

(2000) · doi:10.1017/cbo9780511803475 · Cited by 2,987

Storage and Executive Processes in the Frontal Lobes

Smith, E. E., & Jonides, J. (1999) · Science · doi:10.1126/science.283.5408.1657 · Cited by 2,834

Out of Control: Visceral Influences on Behavior

Loewenstein, G. (1996) · Organizational Behavior and Human Decision Processes · doi:10.1006/obhd.1996.0028 · Cited by 2,610

Save More Tomorrow™: Using Behavioral Economics to Increase Employee Saving

Thaler, R. H., & Benartzi, S. (2004) · Journal of Political Economy · doi:10.1086/380085 · Cited by 2,483

Theory of Games and Economic Behavior

Wald, A., Neumann, J. V., & Morgenstern, O. (1947) · The Review of Economics and Statistics · doi:10.2307/1925651 · Cited by 2,329

Controlled and automatic human information processing: I

Schneider, W. E., & Shiffrin, R. M. (1977) · Cited by 2,228

Functional imaging of brain responses to pain. A review and meta-analysis (2000)

Peyron, R., Laurent, B., & García-Larrea, L. (2000) · Neurophysiologie Clinique/Clinical Neurophysiology · doi:10.1016/s0987-7053(00)00227-6 · Cited by 2,171

Neuroeconomics: How Neuroscience Can Inform Economics

Camerer, C., Loewenstein, G., & Prelec, D. (2005) · Journal of Economic Literature · doi:10.1257/0022051053737843 · Cited by 2,161

The time course of perceptual choice: The leaky, competing accumulator model.

Usher, M., & McClelland, J. L. (2001) · Psychological Review · doi:10.1037/0033-295x.108.3.550 · Cited by 2,152

On the control of automatic processes: A parallel distributed processing account of the Stroop effect.

Cohen, J. D., Dunbar, K., & McClelland, J. L. (1990) · Psychological Review · doi:10.1037//0033-295x.97.3.332 · Cited by 2,139

A framework for mesencephalic dopamine systems based on predictive Hebbian learning

Montague, P., Dayan, P., & Sejnowski, T. (1996) · The Journal of Neuroscience · doi:10.1523/jneurosci.16-05-01936.1996 · Cited by 2,066

Abstract reward and punishment representations in the human orbitofrontal cortex

O'Doherty, J., Kringelbach, M. L., Rolls, E. T., Hornak, J., & Andrews, C. (2001) · Nature Neuroscience · doi:10.1038/82959 · Cited by 2,003

Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk

Starmer, C. (2000) · Journal of Economic Literature · doi:10.1257/jel.38.2.332 · Cited by 1,899

The Medial Frontal Cortex and the Rapid Processing of Monetary Gains and Losses

Gehring, W. J., & Willoughby, A. R. (2002) · Science · doi:10.1126/science.1066893 · Cited by 1,884

The emotional brain

Dalgleish, T. (2004) · Nature Reviews Neuroscience · doi:10.1038/nrn1432 · Cited by 1,849

Uncertainty, Neuromodulation, and Attention

Yu, A. J., & Dayan, P. (2005) · Neuron · doi:10.1016/j.neuron.2005.04.026 · Cited by 1,774

The Neural Basis of Altruistic Punishment

de Quervain, D. J.-F., Fischbacher, U., Treyer, V., Schellhammer, M., Schnyder, U., Buck, A., & Fehr, E. (2004) · Science · doi:10.1126/science.1100735 · Cited by 1,768

Neural Basis of a Perceptual Decision in the Parietal Cortex (Area LIP) of the Rhesus Monkey

Shadlen, M. N., & Newsome, W. T. (2001) · Journal of Neurophysiology · doi:10.1152/jn.2001.86.4.1916 · Cited by 1,755

Neural correlates of decision variables in parietal cortex

Platt, M. L., & Glimcher, P. W. (1999) · Nature · doi:10.1038/22268 · Cited by 1,721

THE BEHAVIORAL LIFE‐CYCLE HYPOTHESIS

Shefrin, H. M., & Thaler, R. H. (1988) · Economic Inquiry · doi:10.1111/j.1465-7295.1988.tb01520.x · Cited by 1,685

Principles of Frontal Lobe Function

(2002) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780195134971.001.0001 · Cited by 1,665

Attention and Performance V

Bergum, B. O., Rabbitt, P. M. A., & Dornic, S. (1976) · The American Journal of Psychology · doi:10.2307/1421416 · Cited by 1,627

Response of Neurons in the Lateral Intraparietal Area during a Combined Visual Discrimination Reaction Time Task

Roitman, J. D., & Shadlen, M. N. (2002) · The Journal of Neuroscience · doi:10.1523/jneurosci.22-21-09475.2002 · Cited by 1,589

Varieties of attention

Parasuraman, R., & DAVIES, D. R. (1984) · Academic Press eBooks · Cited by 1,566

Experience-weighted Attraction Learning in Normal Form Games

Camerer, C., & Hua Ho, T. (1999) · Econometrica · doi:10.1111/1468-0262.00054 · Cited by 1,487

Attention and Performance

Pashler, H., Johnston, J. C., & Ruthruff, E. (2001) · Annual Review of Psychology · doi:10.1146/annurev.psych.52.1.629 · Cited by 1,428

Functional imaging of neural responses to expectancy and experience of monetary gains and losses

Breiter, H. C., Aharon, I., Kahneman, D., Dale, A., & Shizgal, P. (2001) · Neuron · doi:10.1016/s0896-6273(01)00303-8 · Cited by 1,404

The acquisition of skilled motor performance: Fast and slow experience-driven changes in primary motor cortex

Karni, A., Meyer, G., Rey-Hipolito, C., Jezzard, P., Adams, M. M., Turner, R., & Ungerleider, L. G. (1998) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.95.3.861 · Cited by 1,388

Neural Correlates of Behavioral Preference for Culturally Familiar Drinks

McClure, S. M., Li, J., Tomlin, D., Cypert, K. S., Montague, L. M., & Montague, P. R. (2004) · Neuron · doi:10.1016/j.neuron.2004.09.019 · Cited by 1,353

Getting to Know You: Reputation and Trust in a Two-Person Economic Exchange

King-Casas, B., Tomlin, D., Anen, C., Camerer, C. F., Quartz, S. R., & Montague, P. R. (2005) · Science · doi:10.1126/science.1108062 · Cited by 1,345

Relative reward preference in primate orbitofrontal cortex

Tremblay, L., & Schultz, W. (1999) · Nature · doi:10.1038/19525 · Cited by 1,314

Dissociation of reward anticipation and outcome with event-related fMRI

Knutson, B., Fong, G. W., Adams, C. M., Varner, J. L., & Hommer, D. (2001) · Neuroreport · doi:10.1097/00001756-200112040-00016 · Cited by 1,300

Adaptive Coding of Reward Value by Dopamine Neurons

Tobler, P. N., Fiorillo, C. D., & Schultz, W. (2005) · Science · doi:10.1126/science.1105370 · Cited by 1,276

Hierarchical Control and Optimum Firm Size

Williamson, O. E. (1967) · Journal of Political Economy · doi:10.1086/259258 · Cited by 1,043

Matching Behavior and the Representation of Value in the Parietal Cortex

Sugrue, L. P., Corrado, G. S., & Newsome, W. T. (2004) · Science · doi:10.1126/science.1094765 · Cited by 1,030

Neural Economics and the Biological Substrates of Valuation

Montague, P. R., & Berns, G. S. (2002) · Neuron · doi:10.1016/s0896-6273(02)00974-1 · Cited by 994

Distributed Neural Representation of Expected Value

Knutson, B., Taylor, J., Kaufman, M., Peterson, R., & Glover, G. (2005) · The Journal of Neuroscience · doi:10.1523/jneurosci.0642-05.2005 · Cited by 955

Independent Coding of Reward Magnitude and Valence in the Human Brain

Yeung, N., & Sanfey, A. G. (2004) · The Journal of Neuroscience · doi:10.1523/jneurosci.4537-03.2004 · Cited by 933

Intelligence and the Frontal Lobe: The Organization of Goal-Directed Behavior

Duncan, J., Emslie, H., Williams, P., Johnson, R., & Freer, C. (1996) · Cognitive Psychology · doi:10.1006/cogp.1996.0008 · Cited by 902

Neural computations that underlie decisions about sensory stimuli

Gold, J. I., & Shadlen, M. N. (2001) · Trends in Cognitive Sciences · doi:10.1016/s1364-6613(00)01567-9 · Cited by 881

Activation of the Human Orbitofrontal Cortex to a Liquid Food Stimulus is Correlated with its Subjective Pleasantness

Kringelbach, M. L. (2003) · Cerebral Cortex · doi:10.1093/cercor/13.10.1064 · Cited by 824

Addiction and Cue-Triggered Decision Processes

Bernheim, B. D., & Rangel, A. (2004) · American Economic Review · doi:10.1257/0002828043052222 · Cited by 732

Neuroeconomics: The Consilience of Brain and Decision

Glimcher, P. W., & Rustichini, A. (2004) · Science · doi:10.1126/science.1102566 · Cited by 730

Predictability modulates human brain response to reward

Berns, G. S., McClure, S. M., Pagnoni, G., & Montague, P. R. (2001) · The Journal of Neuroscience · doi:10.1523/jneurosci.21-08-02793.2001 · Cited by 711

Choice Over Time

Loewenstein, G. F., & Elster, J. (1992) · Medical Entomology and Zoology · Cited by 635

Neuronal Activity Related to Reward Value and Motivation in Primate Frontal Cortex

Roesch, M. R., & Olson, C. R. (2004) · Science · doi:10.1126/science.1093223 · Cited by 542

Prospect Theory in the Wild: Evidence from the Field

Camerer, C. F. (2000) · Choices, Values, and Frames · doi:10.1017/cbo9780511803475.017 · Cited by 532

Neural basis of deciding, choosing and acting

Schall, J. D. (2001) · Nature reviews. Neuroscience · doi:10.1038/35049054 · Cited by 528

Differential Response Patterns in the Striatum and Orbitofrontal Cortex to Financial Reward in Humans: A Parametric Functional Magnetic Resonance Imaging Study

Elliott, R., Newman, J. L., Longe, O. A., & Deakin, J. F. W. (2003) · The Journal of Neuroscience · doi:10.1523/jneurosci.23-01-00303.2003 · Cited by 514

Regional glucose metabolic changes after learning a complex visuospatial/motor task: a positron emission tomographic study

Haier, R. J., Siegel, B. V., MacLachlan, A., Soderling, E., Lottenberg, S., & Buchsbaum, M. S. (1992) · Brain Research · doi:10.1016/0006-8993(92)90573-r · Cited by 493

Dorsal striatum responses to reward and punishment: effects of valence and magnitude manipulations

DELGADO, M. R., LOCKE, H. M., STENGER, V. A., & FIEZ, J. A. (2003) · Cognitive, Affective, & Behavioral Neuroscience · doi:10.3758/cabn.3.1.27 · Cited by 431

Decisions uncertainty. and the brain: The science of neuroeconomics

(2003) · Computers & Mathematics with Applications · doi:10.1016/s0898-1221(03)90161-1 · Cited by 418

On the Control of Control: The Role of Dopamine in Regulating Prefrontal Function and Working Memory

(2000) · Control of Cognitive Processes · doi:10.7551/mitpress/1481.003.0044 · Cited by 416

Two Systems of Reasoning

Sloman, S. A. (2002) · Heuristics and Biases · doi:10.1017/cbo9780511808098.024 · Cited by 395

Context dependence of the event‐related brain potential associated with reward and punishment

Holroyd, C. B., Larsen, J. T., & Cohen, J. D. (2004) · Psychophysiology · doi:10.1111/j.1469-8986.2004.00152.x · Cited by 379

The Road not Taken: How Psychology was Removed from Economics, and How it Might be Brought Back

Bruni, L., & Sugden, R. (2007) · The Economic Journal · doi:10.1111/j.1468-0297.2007.02005.x · Cited by 377

Effects of Expectations for Different Reward Magnitudes on Neuronal Activity in Primate Striatum

Cromwell, H. C., & Schultz, W. (2003) · Journal of Neurophysiology · doi:10.1152/jn.01014.2002 · Cited by 362

Opposing BOLD responses to reciprocated and unreciprocated altruism in putative reward pathways

Rilling, J. K., Sanfey, A. G., Aronson, J. A., Nystrom, L. E., & Cohen, J. D. (2004) · NeuroReport · doi:10.1097/00001756-200411150-00022 · Cited by 281

Implementation of error-processing in the human anterior cingulate cortex: a source analysis of the magnetic equivalent of the error-related negativity

Miltner, W. H. R., Lemke, U., Weiss, T., Holroyd, C., Scheffers, M. K., & Coles, M. G. H. (2003) · Biological Psychology · doi:10.1016/s0301-0511(03)00107-8 · Cited by 253

Saccade Reward Signals in Posterior Cingulate Cortex

McCoy, A. N., Crowley, J. C., Haghighian, G., Dean, H. L., & Platt, M. L. (2003) · Neuron · doi:10.1016/s0896-6273(03)00719-0 · Cited by 199

Neural basis of utility estimation

Shizgal, P. (1997) · Current Opinion in Neurobiology · doi:10.1016/s0959-4388(97)80008-6 · Cited by 189

Event-related potential correlates of errors in reaction tasks.

Falkenstein, M., Hohnsbein, J., & Hoormann, J. (1995) · PubMed · Cited by 183

Perspectives of Event-Related Potentials Research

Karmos, G. (1995) · Medical Entomology and Zoology · Cited by 165

How Much Did the Liberty Shipbuilders Learn? New Evidence for an Old Case Study

Thompson, P. (2001) · Journal of Political Economy · doi:10.1086/318605 · Cited by 155

Drives and Reinforcements: Behavioral Studies of Hypothalamic Functions

Olds, J. (1977) · Medical Entomology and Zoology · Cited by 135

Effects of nucleus accumbens amphetamine on lateral hypothalamic brain stimulation reward

Colle, L. M., & Wise, R. A. (1988) · Brain Research · doi:10.1016/0006-8993(88)90653-1 · Cited by 109

SIMPLE NEURAL NETWORKS THAT OPTIMIZE DECISIONS

Brown, E., Gao, J., Holmes, P. J., Bogacz, R., Gilzenrat, M. S., & Cohen, J. D. (2005) · International Journal of Bifurcation and Chaos · doi:10.1142/s0218127405012478 · Cited by 102

PRINCIPLES OF FRONTAL LOBE FUNCTION

Harrison, P. J. (2003) · Brain · doi:10.1093/brain/awg121 · Cited by 50

The Neural Basis of Decision Making

Gold, J. I., & Shadlen, M. N. (2007) · Annual Review of Neuroscience · doi:10.1146/annurev.neuro.29.051605.113038 · Cited by 3,764

Diminishing reciprocal fairness by disrupting the right prefrontal cortex

Knoch, D., Pascual-Leone, A., Meyer, K., Treyer, V., & Fehr, E. (2006) · Science · doi:10.1126/science.1129156 · Cited by 1,024

Time Discounting for Primary Rewards

McClure, S. M., Ericson, K. M., Laibson, D. I., Loewenstein, G., & Cohen, J. D. (2007) · The Journal of Neuroscience · doi:10.1523/jneurosci.4246-06.2007 · Cited by 971

Processing of Social and Monetary Rewards in the Human Striatum

Izuma, K., Saito, D. N., & Sadato, N. (2008) · Neuron · doi:10.1016/j.neuron.2008.03.020 · Cited by 855

Social neuroeconomics: the neural circuitry of social preferences

Fehr, E., & Camerer, C. F. (2007) · Trends in Cognitive Sciences · doi:10.1016/j.tics.2007.09.002 · Cited by 779