RISKYREWARDS

Neuronal processing of risky rewards

 Coordinatore THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF CAMBRIDGE 

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 Nazionalità Coordinatore United Kingdom [UK]
 Totale costo 2˙466˙916 €
 EC contributo 2˙466˙916 €
 Programma FP7-IDEAS-ERC
Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
 Code Call ERC-2011-ADG_20110310
 Funding Scheme ERC-AG
 Anno di inizio 2012
 Periodo (anno-mese-giorno) 2012-06-01   -   2017-05-31

 Partecipanti

# participant  country  role  EC contrib. [€] 
1    THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF CAMBRIDGE

 Organization address address: The Old Schools, Trinity Lane
city: CAMBRIDGE
postcode: CB2 1TN

contact info
Titolo: Ms.
Nome: Renata
Cognome: Schaeffer
Email: send email
Telefono: +44 1223 333543
Fax: +44 1223 332988

UK (CAMBRIDGE) hostInstitution 2˙466˙916.00
2    THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF CAMBRIDGE

 Organization address address: The Old Schools, Trinity Lane
city: CAMBRIDGE
postcode: CB2 1TN

contact info
Titolo: Prof.
Nome: Robert Wolfram
Cognome: Schultz
Email: send email
Telefono: +44 1223 333 779
Fax: +44-1223-333 840

UK (CAMBRIDGE) hostInstitution 2˙466˙916.00

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foundations    learning    rewards    decision    economic    risk    human    theory    experiments    brain    neuronal    normal    crucial    signals    behavioural    mechanisms    sufficiently    choices    uncertainty    basic    reward   

 Obiettivo del progetto (Objective)

'Background: Rewards are important positive factors for our survival, reproduction and quality of life. They produce learning, constitute goals of voluntary behaviour and are outcomes of behavioural choices. However, in most natural situations rewards are probabilistic and uncertain. Thus investigations into the neurobiological foundations of motivated behaviour should address reward uncertainty. We aim to answer the most basic and important question on reward uncertainty, namely how does the brain take the uncertainty into account when producing optimal decisions?

Objectives: We aim to identify neuronal signals that carry information about risky rewards that is crucial for reward valuation and affects economic choices. We achieve this objective by relating the activity of single neurons in monkeys to normal behaviour in controlled behavioural tasks. We translate the knowledge gained from primate neurophysiology to humans by studying functional magnetic resonance responses (fMRI) in specific human brain structures during comparable behavioural tasks.

Significance: The experiments will systematically advance the knowledge about neuronal reward signals, explore the role of neuronal risk processing in decision-making and formally test a crucial axiom of economic decision theory. The experiments are sufficiently close together to be conceptually tractable and mutually supportive, and sufficiently spread out to cover basic neuronal mechanisms underlying decision-making under uncertainty. The work is based on fundamental concepts of economic choice theory and animal learning theory. The multidisciplinary approach will reveal basic reward risk mechanisms, inform, validate, challenge and select theories of normal behaviour, contribute to the foundations of neuroeconomics and provide necessary knowledge for investigating pathological reward and risk processes in human addiction, gambling and mental disorders.'

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