Theoretical REsearch in Neuroeconomic Decision-making (TREND) is the first institute dedicated to the study of Neuroeconomic Theory. This interdisciplinary line of investigation combines research from subfields in neuroscience and economics. Experimental neuroscience and neurobiology provide detailed evidence of the functionality, interconnectivity and physiological limitations of the different brain systems involved in the process of decision-making. Microeconomic theory supplies the toolkit to build simple economic models that incorporate these system interactions and well-defined constraints in the mechanisms of choice (see more details on our manifesto and methodological overview).
Thus, the distinctive feature of TREND relative to other neuroeconomic centers and institutes (see links) is its focus on theoretical rather than experimental research on the brain processes behind economic decision-making.
Some of our publications:
"Resource Allocation in the Brain"
R. Alonso, I. Brocas and J.D. Carrillo, Review of Economic Studies (2014).
"From Perception to Action: an Economic Model of Brain Processes"
I. Brocas and J.D. Carrillo, Games and Economic Behavior (2012).
"The Brain as a Hierarchical Organization"
I. Brocas and J.D. Carrillo, American Economic Review (2008).