BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:Neuronal signals for reward risk and formal economic utility - Wol
 fram Schultz\, Department of Physiology\, Development &amp\; Neuroscience\
 , University of Cambridge\, UK
DTSTART:20170227T120000Z
DTEND:20170227T133000Z
UID:TALK71161@talks.cam.ac.uk
CONTACT:Luke Slater
DESCRIPTION:In behavioural studies on monkeys\, we establish nonlinear uti
 lity functions that predict independent attitudes to different types of ma
 thematically defined risk. The animals' stochastic choices are meaningful 
 in following transitivity and first\, second and third order stochastic do
 minance of the tested gambles\, thus confirming rational choice behaviour 
 governed by value\, symmetric (variance) risk and skewness risk\, respecti
 vely. The dopamine prediction error response codes economic utility and sa
 tisfies first- and second-order stochastic dominance. These data unite con
 cepts from animal learning theory and economic decision theory at the leve
 l of single reward neurons.
LOCATION:Room W4.05\, Cambridge Judge Business School
END:VEVENT
END:VCALENDAR