Experiment at NYU find neurological underpinnings of economic game theory
In article in todays issue of the journal Neuron, two neuroscientists – Paul Glimcher of New York University and Michael Dorris, a former NYU colleague currently at Queens University, Canada – offer evidence for the neurological basis for the theories of John Nash, the Nobel-winning economist who pioneered game theory. The findings in the Neuron article are a major advancement in the increasingly prominent field of neuroeconomics, which attempts to discover the basis within the brain for the sort of economic decision-making predicted by game theory.
To develop their findings, Glimcher and Dorris used rhesus monkeys to participate in a strategic conflict game known as the "the inspection game" (the game was first developed by the RAND corporation to evaluate the likelihood of Soviet compliance with arms control agreements). In the human version of the game, there are two players, an "employer" and an "employee." The employees goal is to "shirk" as much as possible (for which he receives his wage plus free time), while the employer – who can use an "inspector" to catch the employee – has the goal of spending as little as possible on inspectors while maximizing the employees appearances at work.
James Devitt | EurekAlert!
New study: How does Europe become a leading player for software and IT services?
03.04.2017 | Fraunhofer-Institut für System- und Innovationsforschung (ISI)
Reusable carbon nanotubes could be the water filter of the future, says RIT study
30.03.2017 | Rochester Institute of Technology
The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.
Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...
The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...
Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.
Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...
Two researchers at Heidelberg University have developed a model system that enables a better understanding of the processes in a quantum-physical experiment...
Glaciers might seem rather inhospitable environments. However, they are home to a diverse and vibrant microbial community. It’s becoming increasingly clear that they play a bigger role in the carbon cycle than previously thought.
A new study, now published in the journal Nature Geoscience, shows how microbial communities in melting glaciers contribute to the Earth’s carbon cycle, a...
20.04.2017 | Event News
18.04.2017 | Event News
03.04.2017 | Event News
21.04.2017 | Physics and Astronomy
21.04.2017 | Health and Medicine
21.04.2017 | Physics and Astronomy