Skip to main content
SpringerLink
Log in

Neurocognition and Financial Behaviour

  • Chapter
  • First Online:
Methodological Cognitivism

  • 846 Accesses

Abstract

An emerging field in economics is that of behavioural finance. It is the result of the collection of many kinds of data coming from experimental, behavioural, cognitive economics and neuroeconomics. Financial behaviour is relatively almost easily studied in natural settings and artificial experiments. The results of these studies are allowing the control of hypotheses in cognitive economics and the generation of new insights in the economic behaviour. The following is a short outline of these contributions (the reference is to Hilton 2001; Attia and Hilton 2011; Viale 2011).

The present chapter is a revised version of Viale, R. (2008). Per un’economia ‘brainful’, Foreword to Camerer, C., La neuroeconomia, Il Sole 24 Ore, Milan, and Viale, R. (2011). Soros e l’Effetto Gregge. foreword to Attia, C., & Hilton, D.J. (2011). Decidere in Finanza. Milano: Il Sole 24 Ore.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Attia, C., & Hilton, D. J. (2011). Decidere in Finanza. Milano: Il Sole 24 Ore.

    Google Scholar 

  • Bazerman, M. (2009). Quanto sei (a)morale? Milan: Il Sole 24 Ore.

    Google Scholar 

  • Bonini, N., & Hadjichristidis, C. (2009). Il sesto senso. Milan: Il Sole 24 Ore.

    Google Scholar 

  • Camerer, C. (2007). The case for a ‘mindful’ economics. In A. Caplin & A. Schotter (Eds.), Handbook of economic methodology. Oxford: Oxford University Press.

    Google Scholar 

  • Camerer, C., Loewenstein, G., & Prelec, D. (2005). Neuroeconomics: How neuroscience can inform economics. Journal of Economic Literature, XLIII(1), 9–64.

    Article  Google Scholar 

  • Cooper, M. J., Dimitrov, O., & Rau, P. R. (2001). A rose.com by any other name. Journal of Finance, 56(6), 2371–2388.

    Article  Google Scholar 

  • Damasio, A. (1994). Descartes’error: Emotion, reason, and the human brain. New York: Avon.

    Google Scholar 

  • Davidson, D. (1970). Mental events. In L. Foster & J. Swanson (Eds.), Experience and theory. Amherst: University of Massachusetts Press.

    Google Scholar 

  • Gigerenzer, G. (2007). Gut feelings: The intelligence of the unconscious. New York: Viking Press.

    Google Scholar 

  • Glimcher, P. W., & Rustichini, A. (2004). Neuroeconomics: The consilience of brain and decision. Science, 306, 447.

    Article  Google Scholar 

  • Grice, P. (1993). Logica e conversazione. Bologna: il Mulino.

    Google Scholar 

  • Gul, F., & Pesendorfer, W. (2005). The case for mindless economics. In A. Caplin & A. Schotter (Eds.), Handbook of economic methodology. Oxford: Oxford University Press.

    Google Scholar 

  • Hilton, D. (2001). The psychology of financial decision-making: Applications to trading, dealing, and investment analysis. Journal of Behavioral Finance, II(1), 37–53.

    Google Scholar 

  • Jevons, W. S. (1871). The principles of political economy. London: Macmillan & co.

    Google Scholar 

  • Kahneman, D. (2003). Maps of bounded rationality: Psychology for behavioural economics. American Economic Review, 93(5), 1449–1475.

    Article  Google Scholar 

  • Kahneman, D. (2007). Economia della felicità. Milan: Il Sole 24 Ore.

    Google Scholar 

  • Kahneman, D., & Tversky, A. (1979a). Intuitive prediction. Biases and corrective procedures. Management Science, 12, 313–327.

    Google Scholar 

  • Kahneman, D., & Tversky, A. (1979b). Prospect theory: An analysis of decision under risk. Econometrica, 47, 263–291.

    Article  Google Scholar 

  • LeDoux, J.E. (1996). The emotional brain: The mysterious underpinnings of emotional life (It. trans. Il cervello emotivo. Alle origini delle emozioni, Baldini and Castoldi, Milan 1998). New York: Simon & Schuster.

    Google Scholar 

  • Libet, B. (1985). Unconscious cerebral initiative and the role of conscious will in voluntary action. Behavior and Brain Sciences, 8, 529–566.

    Article  Google Scholar 

  • Pietroni, D., & Rumiati, R. (2008). La mente che negozia. Milan: Il Sole 24 Ore.

    Google Scholar 

  • Rizzolatti, G., & Sinigaglia, C. (2006). So quel che fai. Il cervello che agisce e i neuroni a specchio. Milano: Cortina.

    Google Scholar 

  • Rizzolatti, G., & Vozza, L. (2008). Nella mente degli altri. Bologna: Zanichelli.

    Google Scholar 

  • Slovic, P., Finucane, M., Peters, E., & Mac Gregor, D. G. (2001). The affect heuristic. In T. Gilovich, D. Griffin, & D. Kahneman (Eds.), Heuristics and biases: The psychology of intuitive thought. NewYork: Cambridge University Press.

    Google Scholar 

  • Thaler, R., & Sunstein, C. (2008). Nudge. London: Penguin Books.

    Google Scholar 

  • Tversky, A., & Kahneman, D. (1974). Judgement under uncertainty: Heuristics and biases. Science, 185, 1124–1131.

    Article  Google Scholar 

  • Viale, R. (2011). Soros e l’Effetto Gregge. foreword to Attia, C. and Hilton, D. J. (2011). Decidere in Finanza. Milano: Il Sole 24 Ore.

    Google Scholar 

  • Zak, P., Kurzban, R., Matzner, W. (2003). Oxytocin is associated with interpersonal trust in humans. Working paper, Claremont Graduate School Department of Economics.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Rosselli Foundation, Torino, Italy

    Prof. Riccardo Viale

Authors
  1. Prof. Riccardo Viale
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Riccardo Viale .

Rights and permissions

Reprints and permissions

Copyright information

© 2012 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Viale, R. (2012). Neurocognition and Financial Behaviour. In: Methodological Cognitivism. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-24743-9_11

Download citation

Publish with us

Policies and ethics

Search

Navigation