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Updated: Apr 24, 2026

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Neuroanatomy predicts individual risk attitudes
Sharon Gilaie-Dotan1, Agnieszka Tymula2, Nicole Cooper3
1Institute of Cognitive Neuroscience, University College London, London WC1N 3AR, United Kingdom.
Brain anatomy predicts financial risk tolerance. Higher gray matter volume in the right posterior parietal cortex correlates with less risk aversion, offering a potential biomarker for financial decision-making.
Area of Science:
- Neuroscience
- Economics
- Decision Science
Background:
- Numerous studies explore neural activations and human decision-making.
- Research increasingly links brain structure to cognitive functions.
Purpose of the Study:
- To investigate if individual brain anatomical features can predict fundamental human preferences, specifically risk attitudes.
- To identify potential neural biomarkers for financial risk tolerance.
Main Methods:
- Quantified risk attitudes using standard economic tools.
- Measured gray matter cortical volume across all brain areas using neurobiological tools.
- Performed whole-brain analysis and confirmed findings in a second participant group using econometric tools.
Main Results:
- Gray matter volume in a specific region of the right posterior parietal cortex significantly predicted individual risk attitudes.
- Individuals with greater gray matter volume in this region displayed reduced risk aversion.
- The finding was robust and replicated in a second independent group of participants.
Conclusions:
- Identified the gray matter volume in the right posterior parietal cortex as a potential stable biomarker for financial risk attitude.
- Suggests that brain anatomy can offer insights into economic decision-making.
- Highlights the potential for using existing medical brain scans to assess risk attitudes, with implications for policy making.
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