Understanding the contributions of neural noise to biases in risky choices. Choices that maximise value under risk are crucial for many sectors, from asset management to border protection. Undetected

Description

Understanding the contributions of neural noise to biases in risky choices. Choices that maximise value under risk are crucial for many sectors, from asset management to border protection. Undetected biases in people’s choices can have catastrophic consequences but are poorly understood. This project aims to link biases in risky choices to the neural noise inherent in human cognition using a novel behavioural measure combined with brain imaging and non-invasive neuromodulation. The project expects to advance knowledge about how the brain regulates risky choices. The expected outcomes of this project will inform training to improve noise-monitoring abilities. This should provide significant benefits to decision making in diverse fields from finance to defence, and boost Australia’s resilience to disruptive events.. Scheme: Discovery Projects. Field: 5202 - Biological Psychology. Lead: Dr Dragan Rangelov