Research Article
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Year 2019, Volume: 4 Issue: 1, 31 - 33, 30.06.2019

Abstract

References

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  • [23] “Two Distinct Brain Regions Have Independent Influence on Decision-Making.” Neuroscience News, 1 Sept. 2017, neurosciencenews.com/decision-making-brain-regions-7390/.
  • [24] Volz, Kirsten G, and Gerd Gigerenzer. “Cognitive Processes in Decisions Under Risk Are Not the Same as in Decisions Under Uncertainty.” Frontiers in Neuroscience, Frontiers Research Foundation, 12 July 2012, www.ncbi.nlm.nih.gov/pmc/articles/PMC3395005/.
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  • [26] Wallis, Jonathan D. “Cross-Species Studies of Orbitofrontal Cortex and Value-Based Decision-Making.” Nature Neuroscience, U.S. National Library of Medicine, 20 Nov. 2011, www.ncbi.nlm.nih.gov/pmc/articles/PMC3549638/.
  • [27] “What Is Decision Theory? Definition and Meaning.” BusinessDictionary.com, www.businessdictionary.com/definition/decision-theory.html.
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  • [29] Zimbabwe, Leonard Mare Chegutu, et al. “Difference Between Risk and Uncertainty (with Comparison Chart).” Key Differences, 15 June 2017, keydifferences.com/difference-between-risk-and-uncertainty.html.

A NEURAL APPROACH TO DECISION MAKING UNDER UNCERTAINTY AND RISK

Year 2019, Volume: 4 Issue: 1, 31 - 33, 30.06.2019

Abstract

The human brain is illustrated as the most complex
object in the universe. From solving mathematics problems to choosing between
coffee or tea at breakfast, the human brain makes thousands of decisions on a
daily basis mostly under uncertainty, ambiguity or risk. Within its complex
structure decision making processes play a significant role while activating
many cortices, including but not limited to the orbital frontal cortex and the
amygdala. On the other hand, decision making is similarly a complicated concept
where uncertainty and risk are differentiated both theoretically in decision
theory and anatomically in the human brain. Decisions are evaluated in the
orbital frontal cortex and the ventrolateral prefrontal cortex with either
value-based thinking or heuristic thinking. By uniting decision theory and the
neural basis of decision making, we have learned how the human brain evaluates
the available options and the possible outcomes and consequently reacts to the
stimuli.

References

  • [1] Anderson, James. “What Is the Ventromedial Prefrontal Cortex?” ReliaWire, 19 Aug. 2017, reliawire.com/ventromedial-prefrontal-cortex/.
  • [2] Berrifge, Kent C., and Terry E. Robinson. What Is the Role of Dopamine in Reward: Hedonic Impact ...23 June 1998, www.researchgate.net/publication/282103450_What_is_the_role_of_dopamine_in_reward_hedonic_impact_reward_learning_or_incentive_salience.
  • [3] Cohen, Jonathan D., and Gary Aston-Jones. COGNITIVE NEUROSCIENCE Decision amid Uncertainty. 28 July 2005, www.cogsci.ucsd.edu/~ajyu/Papers/cohenreview.pdf.
  • [4] “DECISION | Meaning in the Cambridge English Dictionary.” Cambridge Dictionary, dictionary.cambridge.org/dictionary/english/decision.
  • [5] DeMichele, Thomas. “Probability Theory Was Invented to Solve a Gambling Problem - Fact or Myth?” Fact / Myth, 4 July 2016, factmyth.com/factoids/probability-theory-was-invented-to-solve-a-gambling-problem.
  • [6] Dutilh, Gilles, and Jörg Rieskamp. “Comparing Perceptual and Preferential Decision Making.” SpringerLink, Springer US, 2 Oct. 2015, link.springer.com/article/10.3758/s13423-015-0941-1.
  • [7] Heekeren, H. R., et al. “A General Mechanism for Perceptual Decision-Making in the Human Brain.” Nature News, Nature Publishing Group, www.nature.com/articles/nature02966.
  • [8] Hsu, Ming. (PDF) Ambiguity Aversion in the Brain - ResearchGate. 9 June 2004, www.researchgate.net/publication/251847916_Ambiguity_Aversion_in_the_Brain.
  • [9] Hsu, Ming, et al. “Neural Systems Responding to Degrees of Uncertainty in Human Decision-Making.” Science, American Association for the Advancement of Science, 9 Dec. 2005, science.sciencemag.org/content/310/5754/1680.full.
  • [10] Huettel, Scott A., et al. “Decisions under Uncertainty: Probabilistic Context Influences Activation of Prefrontal and Parietal Cortices.” Journal of Neuroscience, Society for Neuroscience, 30 Mar. 2005, www.jneurosci.org/content/25/13/3304.
  • [11] Manes, et al. “Decision‐Making Processes Following Damage to the Prefrontal Cortex.” OUP Academic, Oxford University Press, 1 Mar. 2002, academic.oup.com/brain/article/125/3/624/519091.
  • [12] Neurosci. “Know Your Brain: Orbitofrontal Cortex.” Neuroscientifically Challenged, Neuroscientifically Challenged, 13 May 2015, neuroscientificallychallenged.com/blog/know-your-brain-orbitofrontal-cortex.
  • [13] O'Doherty, John P., and Peter Bossaerts. “Toward a Mechanistic Understanding of Human Decision Making: Contributions of Functional Neuroimaging - John P. O'Doherty, Peter Bossaerts, 2008.” SAGE Journals, journals.sagepub.com/doi/full/10.1111/j.1467-8721.2008.00560.x.
  • [14] “Prospect Theory on the Brain? Toward a Cognitive Neuroscience of Decision under Risk.” Cognitive Brain Research, Elsevier, 5 Mar. 2005, www.sciencedirect.com/science/article/pii/S0926641005000182.
  • [15] “Prospect Theory on the Brain? Toward a Cognitive Neuroscience of Decision under Risk.” Cognitive Brain Research, Elsevier, 5 Mar. 2005, www.sciencedirect.com/science/article/pii/S0926641005000182.
  • [16] Rimamchaten, Thomas, and Thomas Rimamchaten. “DECISION MAKING THEORIES.” Academia.edu, www.academia.edu/24056577/DECISION_MAKING_THEORIES.
  • [17] Rimamchaten, Thomas, and Thomas Rimamchaten. “DECISION MAKING THEORIES.” Academia.edu, www.academia.edu/24056577/DECISION_MAKING_THEORIES.
  • [18] Schultz, Wolfram, et al. “Explicit Neural Signals Reflecting Reward Uncertainty.” Philosophical Transactions of the Royal Society of London. Series B, Biological Sciences, The Royal Society, 12 Dec. 2008, www.ncbi.nlm.nih.gov/pmc/articles/PMC2581779/.
  • [19] Stalnaker, Thomas A, et al. “What the Orbitofrontal Cortex Does Not Do.” Nature News, Nature Publishing Group, 28 Apr. 2015, www.nature.com/articles/nn.3982.
  • [20] “The Ellsberg Paradox.” Futility Closet, 22 July 2016, www.futilitycloset.com/2016/07/20/the-ellsberg-paradox/.
  • [21] “The Ellsberg Paradox: Why You Don't Take Risks and Settle for the Mediocre.” Agile Lifestyle, 24 July 2014, agilelifestyle.net/ellsberg-paradox.
  • [22] Tom, Sabrina M., et al. “The Neural Basis of Loss Aversion in Decision-Making Under Risk.” Science, American Association for the Advancement of Science, 26 Jan. 2007, science.sciencemag.org/content/315/5811/515.full.
  • [23] “Two Distinct Brain Regions Have Independent Influence on Decision-Making.” Neuroscience News, 1 Sept. 2017, neurosciencenews.com/decision-making-brain-regions-7390/.
  • [24] Volz, Kirsten G, and Gerd Gigerenzer. “Cognitive Processes in Decisions Under Risk Are Not the Same as in Decisions Under Uncertainty.” Frontiers in Neuroscience, Frontiers Research Foundation, 12 July 2012, www.ncbi.nlm.nih.gov/pmc/articles/PMC3395005/.
  • [25] Wallis, Jonathan D. “Cross-Species Studies of Orbitofrontal Cortex and Value-Based Decision-Making.” Nature News, Nature Publishing Group, 20 Nov. 2011, www.nature.com/articles/nn.2956.
  • [26] Wallis, Jonathan D. “Cross-Species Studies of Orbitofrontal Cortex and Value-Based Decision-Making.” Nature Neuroscience, U.S. National Library of Medicine, 20 Nov. 2011, www.ncbi.nlm.nih.gov/pmc/articles/PMC3549638/.
  • [27] “What Is Decision Theory? Definition and Meaning.” BusinessDictionary.com, www.businessdictionary.com/definition/decision-theory.html.
  • [28] Wunderlich, Klaus, et al. “Neural Computations Underlying Action-Based Decision Making in the Human Brain.” PNAS, National Academy of Sciences, 6 Oct. 2009, www.pnas.org/content/106/40/17199.
  • [29] Zimbabwe, Leonard Mare Chegutu, et al. “Difference Between Risk and Uncertainty (with Comparison Chart).” Key Differences, 15 June 2017, keydifferences.com/difference-between-risk-and-uncertainty.html.
There are 29 citations in total.

Details

Primary Language English
Subjects Electrical Engineering
Journal Section Articles
Authors

Mimoza İrtem 0000-0001-7581-4373

Publication Date June 30, 2019
Published in Issue Year 2019 Volume: 4 Issue: 1

Cite

APA İrtem, M. (2019). A NEURAL APPROACH TO DECISION MAKING UNDER UNCERTAINTY AND RISK. The Journal of Cognitive Systems, 4(1), 31-33.