Welcome to the new version of CaltechAUTHORS. Login is currently restricted to library staff. If you notice any issues, please email coda@library.caltech.edu
Published May 2014 | Supplemental Material + Published
Journal Article Open

Neural Activity Reveals Preferences without Choices

Abstract

We investigate the feasibility of inferring the choices people would make (if given the opportunity) based on their neural responses to the pertinent prospects when they are not engaged in actual decision making. The ability to make such inferences is of potential value when choice data are unavailable, or limited in ways that render standard methods of estimating choice mappings problematic. We formulate prediction models relating choices to "nonchoice" neural responses, and use them to predict out-of-sample choices for new items and for new groups of individuals. The predictions are sufficiently accurate to establish the feasibility of our approach.

Additional Information

© 2014 American Economic Association. Alec Smith thanks Todd Hare and Ian Krajbich for many helpful discussions. Camerer and Rangel thankfully acknowledge financial support from the National Science Foundation (Grant SES-0850840), while Camerer is greatly appreciative of financial support from the Lipper Family Foundation and the Betty and Gordon Moore Foundation.

Attached Files

Published - mic.6.2.1.pdf

Supplemental Material - 2012-0113_app.pdf

Supplemental Material - 2012-0113_data.zip

Files

2012-0113_app.pdf
Files (9.2 GB)
Name Size Download all
md5:c06f2b87dac73173efddc11f1b85903c
1.4 MB Preview Download
md5:369ec44188ff329edf21e271c4e14430
9.2 GB Preview Download
md5:6e3420054deafbea3f024603e88bfe4c
713.1 kB Preview Download

Additional details

Created:
August 20, 2023
Modified:
October 26, 2023