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Related Concept Videos

Ethics in Research01:56

Ethics in Research

Today, scientists agree that good research is ethical in nature and is guided by a basic respect for human dignity and safety. However, this has not always been the case. Modern researchers must demonstrate that the research they perform is ethically sound.
Decision Making: Traditional Method01:14

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Reason and Intuition01:37

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Why we should use animals to study economic decision making - a perspective.

Tobias Kalenscher1, Marijn van Wingerden

  • 1Department of Comparative Psychology, Institute of Experimental Psychology, Heinrich-Heine University Düsseldorf Düsseldorf, Germany.

Frontiers in Neuroscience
|July 7, 2011
PubMed
Summary

Animal models offer crucial insights into human economic decision-making by highlighting shared evolutionary principles and behavioral patterns. Studying animal behavior complements microeconomics research, revealing why humans deviate from optimal choices.

Keywords:
animalsbehavioral ecologydecision makingethologyneuroeconomicsoptimal foragingrationalreward

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Area of Science:

  • Behavioral Economics
  • Evolutionary Biology
  • Comparative Psychology

Background:

  • Microeconomics traditionally overlooks animal models in decision-making research.
  • Psychology and biology extensively utilize animal models.

Purpose of the Study:

  • Advocate for animal models as essential complements to human economic decision-making literature.
  • Explore similarities and differences between human and animal decision-making from an evolutionary perspective.

Main Methods:

  • Comparative analysis of economic and evolutionary theories.
  • Review of empirical decision-making studies in humans and animals.
  • Evolutionary perspective on behavioral deviations from optimality.

Main Results:

  • Shared optimality principles exist in human and animal decision-making theories.
  • Behavioral violations of normative economic models are observed in both humans and animals.
  • Evolutionary insights are crucial for understanding these behavioral deviations.

Conclusions:

  • Animal research is indispensable for a comprehensive understanding of human economic behavior.
  • Parallels and differences in human and animal research require critical discussion.
  • Integrating animal models enriches microeconomics by providing an evolutionary lens.