Nature Reviews Neuroscience 9, 545-556 (July 2008) | doi:10.1038/nrn2357

A framework for studying the neurobiology of value-based decision making

Antonio Rangel1, Colin Camerer1 & P. Read Montague2  About the authors


Neuroeconomics is the study of the neurobiological and computational basis of value-based decision making. Its goal is to provide a biologically based account of human behaviour that can be applied in both the natural and the social sciences. This Review proposes a framework to investigate different aspects of the neurobiology of decision making. The framework allows us to bring together recent findings in the field, highlight some of the most important outstanding problems, define a common lexicon that bridges the different disciplines that inform neuroeconomics, and point the way to future applications.

Author affiliations

  1. Division of the Humanities and Social Sciences (HSS) and Computational and Neural Systems Program, California Institute of Technology, Pasadena, California 91125, USA.
  2. Department of Neuroscience, Computational Psychiatry Unit, Baylor College of Medicine, Houston, Texas 77030, USA.

Correspondence to: Antonio Rangel1 Email:

Published online 11 June 2008


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