Get our latest updates

Get the latest updates, news and event dates mailed straight to your inbox

Follow us on social media

  • Twitter
  • YouTube

2 Dean Trench Street, Smith Square London, SW1P 3HE United Kingdom                                    Contact UsPrivacy Policy | Terms Of Use

© National Institute of Economic and Social Research 2019

Discussion Paper - As part of Special Issue: Bio-psycho-social foundations of macroeconomics

Commentary on Edmund Rolls: ‘Emotion and reason in human decision-making’

Mark Solms

July 25, 2019

Abstract

 

In his paper Emotion and reasoning in human decision-making Edmund Rolls points out that multiple and independent types of reinforcement exist in the human brain, and that they cannot be reduced to a common currency. The present commentary introduces non-specialist readers to this wide variety of reinforcers, each of which carries equal biological value. The evolutionary forces underwriting them reveal much about the causes of our apparently irrational choices – which is why it is important for economists to acquaint themselves with such things.