Measuring Beliefs and Rewards: a Neuroeconomic Approach.

  title={Measuring Beliefs and Rewards: a Neuroeconomic Approach.},
  author={Andrew Caplin and Mark Dean and Paul Glimcher and Robb B. Rutledge},
  journal={The quarterly journal of economics},
  volume={125 3},
The neurotransmitter dopamine is central to the emerging discipline of neuroeconomics; it is hypothesized to encode the difference between expected and realized rewards and thereby to mediate belief formation and choice. We develop the first formal test of this theory of dopaminergic function, based on a recent axiomatization by Caplin and Dean [2008A… CONTINUE READING