Football is a game of action, and thus a game of decisions. Over the next few weeks, as the new NFL season starts, I'll be exploring how our understanding of decision-making explains action in the game of football.
What does it mean to say someone “deliberates” over choices? What does it mean to say that a person “expresses regret”? How could we tell if these are unique human abilities? Recently published data suggest that rats express regret when they make mistakes.
The neuroscience of decision-making has direct implications for the reality of economics. Too much of economics is based on incorrect theories of human behavior. "Neuroeconomics" needs to be about more than using economic language to do neuroscience experiments - it needs to be about rebuilding economics from the ground up. The details matter.
Setting the stage. We’re going to be exploring the implications of the physical mind, the idea that the mind is a creation of the brain, particularly from the perspective of decision-making, which we will define as the process of selecting an action.