David V. Smith
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View article: Ambiguity Preferences Are Distinct from Beliefs About Risk
Ambiguity Preferences Are Distinct from Beliefs About Risk Open
Ambiguity avoidance in decision-making may reflect either stable preferences for certainty or uncertainty in beliefs formed through limited experience. Prior studies have commonly used the max–min expected utility (MMEU) model to interpret…
View article: Precision Imaging for Intraindividual Investigation of the Reward Response
Precision Imaging for Intraindividual Investigation of the Reward Response Open
Summary The reliance of fMRI research on between-person comparisons is limited by low test-retest reliability and inability to explain within-person processes. Intraindividual studies are needed to understand how changes in brain functioni…
View article: Air pollution and impulsive choice in aging: evidence from delay discounting
Air pollution and impulsive choice in aging: evidence from delay discounting Open
Heightened air pollution exposure is associated with an increased risk for developing neurodegenerative disorders such as Alzheimer’s disease and Parkinson’s disease, yet it is unclear how pollution impacts the aging brain more broadly. Ro…
View article: Air Pollution and Impulsive Choice in Aging: Evidence from Delay Discounting
Air Pollution and Impulsive Choice in Aging: Evidence from Delay Discounting Open
Heightened air pollution exposure is associated with an increased risk for developing neurodegenerative disorders such as Alzheimer’s disease and Parkinson’s disease, yet it is unclear how pollution impacts the aging brain more broadly. Po…
View article: Older Adults Show Altered Network Connectivity during Fairness Decisions with Similar and Dissimilar Partners
Older Adults Show Altered Network Connectivity during Fairness Decisions with Similar and Dissimilar Partners Open
Objectives The ability to navigate diverse social contexts, such as interacting with different individuals, is crucial across the lifespan and has implications for fraud susceptibility. However, the neural mechanisms supporting social deci…
View article: Social cognitive functioning relates to willingness to pay for social experiences
Social cognitive functioning relates to willingness to pay for social experiences Open
Human behavior is driven by a fundamental need for social connection, which requires the ability to assign subjective value to social experiences. Although social resources such as perceived social support and socio-affective traits are kn…
View article: The price of rejection: how social feedback influences spending on social experiences
The price of rejection: how social feedback influences spending on social experiences Open
Human beings are inherently motivated to seek social connection, yet rejection remains a potent emotional stressor that can disrupt social decision-making. In an increasingly digital world, where social feedback is often public and quantif…
View article: Sunk Cost Fallacy Is Associated With Biased Predictions
Sunk Cost Fallacy Is Associated With Biased Predictions Open
Overly optimistic predictions may cause people to persist too long in investments, reflecting the sunk cost fallacy. Past literature indicates that people use recent and longer-term trends while making reward-related predictions. However, …
View article: Functional Connectivity Heterogeneity and Consequences for Clinical and Cognitive Prediction
Functional Connectivity Heterogeneity and Consequences for Clinical and Cognitive Prediction Open
Functional connectivity is frequently used to assess dynamic brain functioning and predict individual differences in behavioral outcomes, such as psychopathology. Inferences from functional connectivity analyses typically rely on group-ave…
View article: Contributions of default mode network to subjective valuation and maladaptive decision making
Contributions of default mode network to subjective valuation and maladaptive decision making Open
The default mode network (DMN) has been central to cognitive neuroscience for two decades, yet its role in decision-making remains incompletely understood. This review synthesizes recent evidence linking the DMN directly to subjective valu…
View article: Functional Connectivity Heterogeneity and Consequences for Clinical and Cognitive Prediction
Functional Connectivity Heterogeneity and Consequences for Clinical and Cognitive Prediction Open
Functional connectivity is frequently used to assess dynamic brain functioning and predict individual differences in behavioral outcomes, such as psychopathology. Inferences from functional connectivity analyses typically rely on group-ave…
View article: Social preferences and social decision-making
Social preferences and social decision-making Open
Our decisions do not occur in a social vacuum. Instead, we often have to decide whether to help, harm, or learn from the consequences of our actions when they affect other people. Neuroeconomists have long highlighted how social preference…
View article: Valuation, Learning, Risk, and Uncertainty
Valuation, Learning, Risk, and Uncertainty Open
Many of our decisions are guided by computations surrounding value, risk, and uncertainty. Neuroeconomists have therefore been very interested in measuring and quantifying these influences to describe behavioural preferences. This includes…
View article: Temporal discounting, effort-based choice, and self-control
Temporal discounting, effort-based choice, and self-control Open
How do we weigh the tradeoff between rewards that are available now relative to in the future? What are the neurocomputational mechanisms that allow us to arrive at the most valued option? And how does individual variability in memory, mot…
View article: Modulators of Decision-Making: Emotion and Social Context
Modulators of Decision-Making: Emotion and Social Context Open
Our decisions are rarely made in isolated contexts. Rather, we make choices within complex environments that involve other people and evoke varied emotional states. As our world is becoming increasingly interconnected, it is critical to be…
View article: Foundations of Neuroeconomics: History and Methods
Foundations of Neuroeconomics: History and Methods Open
Neuroeconomics is an interdisciplinary field integrating neuroscience, psychology, and economics to understand how people make decisions. Departing from traditional economic models, which infer preferences solely from observed choices, neu…
View article: Reduced Community-Level Social Cohesion is Associated with Higher Risk for Financial Exploitation
Reduced Community-Level Social Cohesion is Associated with Higher Risk for Financial Exploitation Open
Understanding the psychosocial and community risk factors associated with financial exploitation is essential in developing prevention strategies. Although previous work has identified factors related to increased risk such as poor financi…
View article: Individual Differences in Neuroeconomics: Age, Sex and Gender, and Clinical Variation
Individual Differences in Neuroeconomics: Age, Sex and Gender, and Clinical Variation Open
Although neuroeconomics often seeks to identify generalizable principles of value and choice, understanding how these processes vary across individuals is essential for building models that reflect the full range of human behavior. This se…
View article: Foundations of Neuroeconomics: History and Methods
Foundations of Neuroeconomics: History and Methods Open
Neuroeconomics is an interdisciplinary field integrating neuroscience, psychology, and economics to understand how people make decisions. Departing from traditional economic models, which infer preferences solely from observed choices, neu…
View article: The Cerebellum and Striatum in Reward Processing: Caring About Being Right vs. Caring About Reward
The Cerebellum and Striatum in Reward Processing: Caring About Being Right vs. Caring About Reward Open
Emerging evidence indicates the cerebellum contributes to cognitive functions including social reward processing, yet its specific role relative to established reward regions like the ventral striatum remains undefined. We hypothesized the…
View article: Psychological, social, and health-related factors predict risk for financial exploitation
Psychological, social, and health-related factors predict risk for financial exploitation Open
People lose tens of billions of dollars a year to financial exploitation in the United States alone. Few studies have examined how preferences for trust and fairness in economic activities may contribute to risk for financial exploitation.…
View article: From Neural Data to Societal Impact: Applications of Neuroeconomics
From Neural Data to Societal Impact: Applications of Neuroeconomics Open
Neural data is reshaping how we understand and influence decision-making—both at the level of the individual and across populations. By revealing how people attend to information, how they value outcomes, and how they resolve internal conf…
View article: Individual Variability: Age-related Differences and Clinical Variation
Individual Variability: Age-related Differences and Clinical Variation Open
Although neuroeconomics often seeks to identify generalizable principles of value and choice, understanding how these processes vary across individuals is essential for building models that reflect the full range of human behavior. This se…
View article: Foundations of Neuroeconomics
Foundations of Neuroeconomics Open
Neuroeconomics is an interdisciplinary field integrating neuroscience, psychology, and economics to understand how people make decisions. Departing from traditional economic models, which infer preferences solely from observed choices, neu…
View article: Psychological, social, and health-related factors predict risk for financial exploitation
Psychological, social, and health-related factors predict risk for financial exploitation Open
People lose tens of billions of dollars a year to financial exploitation in the United States alone. Few studies have examined how preferences for trust and fairness in economic activities may contribute to risk for financial exploitation.…
View article: Psychological, social, and health-related factors predict risk for financial exploitation
Psychological, social, and health-related factors predict risk for financial exploitation Open
People lose tens of billions of dollars a year to financial exploitation in the United States alone. Few studies have examined how preferences for trust and fairness in economic activities may contribute to risk for financial exploitation.…
View article: Functional Connectivity Heterogeneity and Consequences for Clinical and Cognitive Prediction
Functional Connectivity Heterogeneity and Consequences for Clinical and Cognitive Prediction Open
Functional connectivity is frequently used to assess dynamic brain functioning and predict individual differences in behavioral outcomes, such as psychopathology. Inferences from functional connectivity analyses typically rely on group-ave…
View article: Trait reward sensitivity and behavioral motivation are associated with connectivity between the default mode network and the striatum during reward anticipation
Trait reward sensitivity and behavioral motivation are associated with connectivity between the default mode network and the striatum during reward anticipation Open
Individuals vary substantially in their responses to rewarding events and their motivation to pursue rewards. While the ventral striatum (VS) plays a central role in reward anticipation, its functional connectivity with the default mode ne…
View article: Maladaptive decision making in older adults: Confirmation bias and financial exploitation
Maladaptive decision making in older adults: Confirmation bias and financial exploitation Open
Financial exploitation of older adults has become an increasingly urgent public health issue, with annual losses exceeding $10 billion in the US annually. This exploitation often stems from age-related cognitive deficits, such as impairmen…