An ALE Meta-Analysis on Investment Decision-Making.

It is claimed that investment decision-making should rely on rational analyses based on facts and not emotions. However, trying to make money out of market forecasts can trigger all types of emotional responses. As the question on how investors decide remains controversial, we carried out an activat...

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Detalles Bibliográficos
Autores: Ortiz-Terán, Elena, Díez, Ibai, López-Pascual, Joaquín
Tipo de recurso: artículo
Fecha de publicación:2021
País:España
Institución:Universidad Rey Juan Carlos
Repositorio:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
OAI Identifier:oai:burjcdigital.urjc.es:10115/30572
Acceso en línea:https://hdl.handle.net/10115/30572
Access Level:acceso abierto
Palabra clave:neuroeconomics
investor
stock
reward
risk
ventral striatum
anterior insula
amygdala
anterior cingulate cortex
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repository_id_str
spelling An ALE Meta-Analysis on Investment Decision-Making.Ortiz-Terán, ElenaDíez, IbaiLópez-Pascual, Joaquínneuroeconomicsinvestorstockrewardriskventral striatumanterior insulaamygdalaanterior cingulate cortexIt is claimed that investment decision-making should rely on rational analyses based on facts and not emotions. However, trying to make money out of market forecasts can trigger all types of emotional responses. As the question on how investors decide remains controversial, we carried out an activation likelihood estimation (ALE) meta-analysis using functional magnetic resonance imaging (fMRI) studies that have reported whole-brain analyses on subjects performing an investment task. We identified the ventral striatum, anterior insula, amygdala and anterior cingulate cortex as being involved in this decision-making process. These regions are limbic-related structures which respond to reward, risk and emotional conflict. Our findings support the notion that investment choices are emotional decisions that take into account market information, individual preferences and beliefs.MDPI202420242021info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10115/30572reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlosinstname:Universidad Rey Juan CarlosInglésAtribución 4.0 Internacionalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:burjcdigital.urjc.es:10115/305722026-06-24T12:48:17Z
dc.title.none.fl_str_mv An ALE Meta-Analysis on Investment Decision-Making.
title An ALE Meta-Analysis on Investment Decision-Making.
spellingShingle An ALE Meta-Analysis on Investment Decision-Making.
Ortiz-Terán, Elena
neuroeconomics
investor
stock
reward
risk
ventral striatum
anterior insula
amygdala
anterior cingulate cortex
title_short An ALE Meta-Analysis on Investment Decision-Making.
title_full An ALE Meta-Analysis on Investment Decision-Making.
title_fullStr An ALE Meta-Analysis on Investment Decision-Making.
title_full_unstemmed An ALE Meta-Analysis on Investment Decision-Making.
title_sort An ALE Meta-Analysis on Investment Decision-Making.
dc.creator.none.fl_str_mv Ortiz-Terán, Elena
Díez, Ibai
López-Pascual, Joaquín
author Ortiz-Terán, Elena
author_facet Ortiz-Terán, Elena
Díez, Ibai
López-Pascual, Joaquín
author_role author
author2 Díez, Ibai
López-Pascual, Joaquín
author2_role author
author
dc.subject.none.fl_str_mv neuroeconomics
investor
stock
reward
risk
ventral striatum
anterior insula
amygdala
anterior cingulate cortex
topic neuroeconomics
investor
stock
reward
risk
ventral striatum
anterior insula
amygdala
anterior cingulate cortex
description It is claimed that investment decision-making should rely on rational analyses based on facts and not emotions. However, trying to make money out of market forecasts can trigger all types of emotional responses. As the question on how investors decide remains controversial, we carried out an activation likelihood estimation (ALE) meta-analysis using functional magnetic resonance imaging (fMRI) studies that have reported whole-brain analyses on subjects performing an investment task. We identified the ventral striatum, anterior insula, amygdala and anterior cingulate cortex as being involved in this decision-making process. These regions are limbic-related structures which respond to reward, risk and emotional conflict. Our findings support the notion that investment choices are emotional decisions that take into account market information, individual preferences and beliefs.
publishDate 2021
dc.date.none.fl_str_mv 2021
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10115/30572
url https://hdl.handle.net/10115/30572
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
instname:Universidad Rey Juan Carlos
instname_str Universidad Rey Juan Carlos
reponame_str BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
collection BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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