Going for broke

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Going for Broke: Dopamine Influences Risky Choice

Dopamine neurons track reward by increasing or decreasing their firing rate when a reward is present or absent. In this issue of Neuron, Stopper et al. (2014) demonstrate that artificially eliminating these dopamine bursts or dips can alter risky decision-making.

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Going for Broke and Playing it Safe: Dynamic Competition with Choice of Variance

We consider a differential game, in which the joint choices of the two players influences the variance, but not the mean, of the one-dimensional state variable. We interpret this state variable as a summary of how far ‘ahead’ player 1 is in the game. The flow payoffs that the players enjoy are a continuous, monotonic and bounded function of this state variable. In any Markov Perfect Equilibrium...

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High Bids and Broke Winners

This paper analyzes auctions where budget-constrained bidders have options to declare bankruptcy. It predicts a bidding equilibrium that changes discontinuously in a borrowing rate available to bidders. When the borrowing rate is above a threshold, high-budget bidders win, and the likelihood of bankruptcy is low. When the borrowing rate is below the threshold, the winner is the most budget-cons...

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If it ain't broke ... break it!

“World Communion Sunday started back in 1936, when the world was deeply fragmented by the conflict that would be later known as World War II. World Communion Sunday (originally called World Wide Communion Sunday) has been an observance to help Christians all over the world affirm their unity in Jesus Christ as it is expressed so beautifully at the Lord’s Table. Originating in the Presbyterian C...

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Going, going, gone

The decline and loss of species is inevitable in the face of growing human pressures on the environment but, according to one group of senior researchers, a standard framework is needed to assess the rate of this decline if researchers wish to be effective and policymakers are to take note.

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ژورنال

عنوان ژورنال: Nature

سال: 1981

ISSN: 0028-0836,1476-4687

DOI: 10.1038/293005b0