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It was, he said, a "value decision to buy the more expensive set that doesn't have the noise".
"I made no value decision of any kind," he told me, "especially in light of the technology for creating objects that exists today".
Our results are however consistent with a direct stimulation effect to medial frontal cortex causing the observed change in value decision making.
Hierarchical organizations can structure factual and value decision premises so that the range of action becomes so narrow that only one alternative remains: the rational choice.
At the same time, hierarchical organizations can socialize individuals to refrain from cheating by creating value decision premises that underlie decision makers' judgments on what is right or good to do.
More importantly, the net present value decision model most often described discounts only the differences between cash flows and terminal (salvage) values of the replace and do-not-replace alternatives.
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Outstanding executives valued decision making decisiveness—"bias for action"—more than the comparison group.
What about the myriad lower value decisions that businesses face each day?
Using a computational neurostimulation approach we asked how perturbing this region might alter this competition and resulting value decisions.
Mechanistically, value decisions in vmPFC may emerge through competition between neural populations selective for each choice option12,13,14,15.
They ultimately recommend how to build upon these developments to initiate a radical democratization of economic systems and the value decisions they generate.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com