Skip to main content

Monoamines and Decision-Making Under Risks

  • Chapter
  • First Online:

Abstract

Past neuroeconomics studies using neurophysiology methods (mainly fMRI) have revealed the neural basis of “boundedly rational” or “irrational” decision-making that violates normative economics theory. It is expected that the field of neuroeconomics will be merged with neurotransmitter research and clinical neuroscience. Here, we provide an overview of recent molecular neuroimaging studies to understand how central monoamine transmission is related to “irrational” decision-making. Empirical evidence suggests that central dopamine transmission might be related to distortion of subjective reward probability and noradrenaline and serotonin transmission might influence aversive emotional reaction to financial loss. Positron emission tomography (PET) is a powerful tool to understand the neurochemical basis of decision-making in vivo in human. This approach seems to be a promising direction to understand the neurobiology of impaired decision-making in neuropsychiatric disorders and may help to develop novel pharmacotherapy for them.

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

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   139.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   179.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   179.99
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

Learn about institutional subscriptions

References

  • Arakawa R, Okumura M, Ito H, Seki C, Takahashi H, Takano H, Nakao R, Suzuki K, Okubo Y, Halldin C, Suhara T (2008) Quantitative analysis of norepinephrine transporter in the human brain using PET with (S, S)-18F-FMeNER-D2. J Nucl Med 49:1270–1276

    Article  PubMed  Google Scholar 

  • Aston-Jones G, Rajkowski J, Kubiak P, Alexinsky T (1994) Locus coeruleus neurons in monkey are selectively activated by attended cues in a vigilance task. J Neurosci 14(7):4467–4480

    PubMed  Google Scholar 

  • Berns GS, Capra CM, Chappelow J, Moore S, Noussair C (2008) Nonlinear neurobiological probability weighting functions for aversive outcomes. Neuroimage 39:2047–2057

    Article  PubMed  Google Scholar 

  • Berridge CW, Waterhouse BD (2003) The locus coeruleus-noradrenergic system: modulation of behavioral state and state-dependent cognitive processes. Brain Res Rev 42:33–84

    Article  PubMed  Google Scholar 

  • Breyer JL, Botzet AM, Winters KC, Stinchfield RD, August G, Realmuto G (2009) Young adult gambling behaviors and their relationship with the persistence of ADHD. J Gambl Stud 25:227–238

    Article  PubMed  PubMed Central  Google Scholar 

  • Cahill L, Prins B, Weber M, McGaugh JL (1994) Beta-adrenergic activation and memory for emotional events. Nature 371:702–704

    Article  PubMed  Google Scholar 

  • Camerer CF, Fehr E (2006) When does “economic man” dominate social behavior? Science 311:47–52

    Article  PubMed  Google Scholar 

  • Camerer C, Loewenstein G (2004) Behavioral economics: past, present, future. In: Camerer C, Loewenstein G, Rabin M (eds) Advance in behavioral economics. Princeton University Press, Princeton, pp 3–51

    Google Scholar 

  • Chen MK, Lakshminarayanan V, Santos LR (2006) How basic are behavioral biases? Evidence from capuchin monkey trading behavior. J Polit Econ 114:517–537

    Article  Google Scholar 

  • Dagher A, Robbins TW (2009) Personality, addiction, dopamine: insights from Parkinson’s disease. Neuron 61:502–510

    Article  PubMed  Google Scholar 

  • De Martino B, Kumaran D, Seymour B, Dolan RJ (2006) Frames, biases, and rational decision-making in the human brain. Science 313:684–687

    Article  PubMed  PubMed Central  Google Scholar 

  • De Martino B, Strange BA, Dolan RJ (2008) Noradrenergic neuromodulation of human attention for emotional and neutral stimuli. Psychopharmacology 197:127–136

    Article  PubMed  Google Scholar 

  • De Martino B, Camerer CF, Adolphs R (2010) Amygdala damage eliminates monetary loss aversion. Proc Natl Acad Sci USA 107:3788–3792

    Article  PubMed  PubMed Central  Google Scholar 

  • Ekelund J, Slifstein M, Narendran R, Guillin O, Belani H, Guo N, Hwang Y, Hwang D, Abi-Dargham A, Laruelle M (2007) In vivo DA D 1 receptor selectivity of NNC 112 and SCH 23390. Mol Imaging Biol 9:117–125

    Article  PubMed  Google Scholar 

  • Gallagher DA, O’Sullivan SS, Evans AH, Lees AJ, Schrag A (2007) Pathological gambling in Parkinson’s disease: risk factors and differences from dopamine dysregulation. An analysis of published case series. Mov Disord 22:1757–1763

    Article  PubMed  Google Scholar 

  • He Q, Xue G, Chen C, Lu Z, Dong Q, Lei X, Ding N, Li J, Li H, Chen C (2010) Serotonin transporter gene-linked polymorphic region (5-HTTLPR) influences decision making under ambiguity and risk in a large Chinese sample. Neuropharmacology 59:518–526

    Article  PubMed  PubMed Central  Google Scholar 

  • Hsu M, Krajbich I, Zhao C, Camerer C (2009) Neural response to reward anticipation under risk is nonlinear in probabilities. J Neurosci 29:2231–2237

    Article  PubMed  Google Scholar 

  • Knutson B, Rick S, Wimmer GE, Prelec D, Loewenstein G (2007) Neural predictors of purchases. Neuron 53:147–156

    Article  PubMed  PubMed Central  Google Scholar 

  • Leyton M, Boileau I, Benkelfat C, Diksic M, Baker G, Dagher A (2002) Amphetamine-induced increases in extracellular dopamine, drug wanting, and novelty seeking: a PET/[11C] raclopride study in healthy men. Neuropsychopharmacology 27:1027

    Article  PubMed  Google Scholar 

  • Ligneul R, Sescousse G, Barbalat G, Domenech P, Dreher J (2012) Shifted risk preferences in pathological gambling. Psychol Med (Epub ahead of print)

    Google Scholar 

  • Murphy SE, Longhitano C, Ayres RE, Cowen PJ, Harmer CJ, Rogers RD (2009) The role of serotonin in nonnormative risky choice: the effects of tryptophan supplements on the “reflection effect” in healthy adult volunteers. J Cogn Neurosci 21:1709–1719

    Article  PubMed  Google Scholar 

  • Onur OA, Walter H, Schlaepfer TE, Rehme AK, Schmidt C, Keysers C, Maier W, Hurlemann R (2009) Noradrenergic enhancement of amygdala responses to fear. Soc Cogn Affect Neurosci 4:119–126

    Article  PubMed  PubMed Central  Google Scholar 

  • Pattij T, Vanderschuren LJ (2008) The neuropharmacology of impulsive behaviour. Trends Pharmacol Sci 29:192–199

    Article  PubMed  Google Scholar 

  • Paulus M, Frank L (2006) Anterior cingulate activity modulates nonlinear decision weight function of uncertain prospects. Neuroimage 30:668–677

    Article  PubMed  Google Scholar 

  • Prelec D (1998) The probability weighting function. Econometrica 66:497–527

    Article  Google Scholar 

  • Rangel A, Camerer C, Montague PR (2008) A framework for studying the neurobiology of value-based decision making. Nat Rev Neurosci 9:545–556

    Article  PubMed  PubMed Central  Google Scholar 

  • Rasch B, Spalek K, Buholzer S, Luechinger R, Boesiger P, Papassotiropoulos A, de Quervain DJ (2009) A genetic variation of the noradrenergic system is related to differential amygdala activation during encoding of emotional memories. Proc Natl Acad Sci USA 106:19191–19196

    Article  PubMed  PubMed Central  Google Scholar 

  • Rogers R, Lancaster M, Wakeley J, Bhagwagar Z (2004) Effects of beta-adrenoceptor blockade on components of human decision-making. Psychopharmacology 172:157–164

    Article  PubMed  Google Scholar 

  • Roiser JP, de Martino B, Tan GC, Kumaran D, Seymour B, Wood NW, Dolan RJ (2009) A genetically mediated bias in decision making driven by failure of amygdala control. J Neurosci 29:5985–5991

    Article  PubMed  PubMed Central  Google Scholar 

  • Sanfey AG, Rilling JK, Aronson JA, Nystrom LE, Cohen JD (2003) The neural basis of economic decision-making in the ultimatum game. Science 300:1755–1758

    Article  PubMed  Google Scholar 

  • Schou M, Halldin C, Sóvágó J, Pike VW, Hall H, Gulyás B, Mozley PD, Dobson D, Shchukin E, Innis RB (2004) PET evaluation of novel radiofluorinated reboxetine analogs as norepinephrine transporter probes in the monkey brain. Synapse 53:57–67

    Article  PubMed  Google Scholar 

  • Shioe K, Ichimiya T, Suhara T, Takano A, Sudo Y, Yasuno F, Hirano M, Shinohara M, Kagami M, Okubo Y, Nankai M, Kanba S (2003) No association between genotype of the promoter region of serotonin transporter gene and serotonin transporter binding in human brain measured by PET. Synapse 48:184–188

    Article  PubMed  Google Scholar 

  • Singer T, Seymour B, O’Doherty JP, Stephan KE, Dolan RJ, Frith CD (2006) Empathic neural responses are modulated by the perceived fairness of others. Nature 439:466–469

    Article  PubMed  PubMed Central  Google Scholar 

  • Sokol-Hessner P, Hsu M, Curley NG, Delgado MR, Camerer CF, Phelps EA (2009) Thinking like a trader selectively reduces individuals’ loss aversion. Proc Natl Acad Sci USA 106:5035–5040

    Article  PubMed  PubMed Central  Google Scholar 

  • Sokol-Hessner P, Camerer CF, Phelps EA (2012) Emotion regulation reduces loss aversion and decreases amygdala responses to losses. Soc Cogn Affect Neurosci (Epub ahead of print)

    Google Scholar 

  • Steeves TD, Miyasaki J, Zurowski M, Lang AE, Pellecchia G, Van Eimeren T, Rusjan P, Houle S, Strafella AP (2009) Increased striatal dopamine release in Parkinsonian patients with pathological gambling: a [11C] raclopride PET study. Brain 132:1376–1385

    Article  PubMed  PubMed Central  Google Scholar 

  • Takahashi H (2012) Monoamines and assessment of risks. Curr Opin Neurobiol 22:1062–1067

    Article  PubMed  Google Scholar 

  • Takahashi H (2013) Molecular neuroimaging of emotional decision-making. Neurosci Res (in press)

    Google Scholar 

  • Takahashi H, Yahata N, Koeda M, Takano A, Asai K, Suhara T, Okubo Y (2005) Effects of dopaminergic and serotonergic manipulation on emotional processing: a pharmacological fMRI study. Neuroimage 27:991–1001

    Article  PubMed  Google Scholar 

  • Takahashi H, Kato M, Matsuura M, Mobbs D, Suhara T, Okubo Y (2009) When your gain is my pain and your pain is my gain: neural correlates of envy and schadenfreude. Science 323:937–939

    Article  PubMed  Google Scholar 

  • Takahashi H, Matsui H, Camerer C, Takano H, Kodaka F, Ideno T, Okubo S, Takemura K, Arakawa R, Eguchi Y, Murai T, Okubo Y, Kato M, Ito H, Suhara T (2010a) Dopamine D receptors and nonlinear probability weighting in risky choice. J Neurosci 30:16567–16572

    Article  PubMed  Google Scholar 

  • Takahashi H, Takano H, Kodaka F, Arakawa R, Yamada M, Otsuka T, Hirano Y, Kikyo H, Okubo Y, Kato M, Obata T, Ito H, Suhara T (2010b) Contribution of dopamine D1 and D2 receptors to amygdala activity in human. J Neurosci 30:3043–3047

    Article  PubMed  Google Scholar 

  • Takahashi H, Takano H, Camerer CF, Ideno T, Okubo S, Matsui H, Tamari Y, Takemura K, Arakawa R, Kodaka F, Yamada M, Eguchi Y, Murai T, Okubo Y, Kato M, Ito H, Suhara T (2012a) Honesty mediates the relationship between serotonin and reaction to unfairness. Proc Natl Acad Sci USA 109:4281–4284

    Article  PubMed  PubMed Central  Google Scholar 

  • Takahashi H, Yamada M, Suhara T (2012b) Functional significance of central D1 receptors in cognition: beyond working memory. J Cereb Blood Flow Metab 32:1248–1258

    Article  PubMed  PubMed Central  Google Scholar 

  • Takahashi H, Fujie S, Camerer C, Arakawa R, Takano H, Kodaka F, Matsui H, Ideno T, Okubo S, Takemura K, Yamada M, Eguchi Y, Murai T, Okubo Y, Kato M, Ito H, Suhara T (2013) Norepinephrine in the brain is associated with aversion to financial loss. Mol Psychiatry 18:3–4

    Article  PubMed  Google Scholar 

  • Tobler PN, Christopoulos GI, O’Doherty JP, Dolan RJ, Schultz W (2008) Neuronal distortions of reward probability without choice. J Neurosci 28:11703–11711

    Article  PubMed  PubMed Central  Google Scholar 

  • Tom S, Fox C, Trepel C, Poldrack R (2007) The neural basis of loss aversion in decision-making under risk. Science 315:515–518

    Article  PubMed  Google Scholar 

  • Trepel C, Fox C, Poldrack R (2005) Prospect theory on the brain? Toward a cognitive neuroscience of decision under risk. Cogn Brain Res 23:34–50

    Article  Google Scholar 

  • Tversky A, Kahneman D (1992) Advances in prospect theory: cumulative representation of uncertainty. J Risk Uncertain 5:297–323

    Article  Google Scholar 

  • Yamada M, Camerer CF, Fujie S, Kato M, Matsuda T, Takano H, Ito H, Suhara T, Takahashi H (2012) Neural circuits in the brain that are activated when mitigating criminal sentences. Nat Commun 3:759

    Article  PubMed  PubMed Central  Google Scholar 

Download references

Acknowledgments

A part of this study is the result of “Integrated Research on Neuropsychiatric Disorders” carried out under the Strategic Research Program for Brain Sciences by the Ministry of Education, Culture, Sports, Science and Technology of Japan (MEXT), a Grant-in-Aid for Scientific Research on Innovative Areas: Prediction and Decision Making (23120009), a Grant-in-Aid for Young Scientist A (23680045), a research grant from Takeda Science Foundation, a research grant from Brain Science Foundation, a research grant from Casio Science Foundation and a research grant from Senshin Medical Research Foundation.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Hidehiko Takahashi .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2016 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Takahashi, H. (2016). Monoamines and Decision-Making Under Risks. In: Reuter, M., Montag, C. (eds) Neuroeconomics. Studies in Neuroscience, Psychology and Behavioral Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-35923-1_5

Download citation

Publish with us

Policies and ethics