Cognitive Neuroscience Tools in Economic Experiments Investigating the Decision Making Process

Abstract

Experimental economics utilises a lot of different techniques to support its research. Applying computers and IT has already become common. As a novel approach the use of cognitive neuroscience tools is now being considered. Investigating the neurophysiological signals of experiment participants can give researchers a deeper insight into a decision making process. The aim of the article is to show how neuroscience techniques can contribute to economic experiments, especially those concerning decision making. The overview and presentation of the possibilities of such tools is shown regarding different stages of the decision making process and related experimental studies. The proposed analysis could allow for the better design of economic experiments conducted with the use of the most up-to date technology available.