Dynamic Price Tags
The brain continuously updates its internal price tags through a midbrain dopamine system that signals when expectations and reality don’t align. This chemical feedback mechanism not only helps refine future decisions but also highlights the tendency to overvalue immediate options over those that require mental simulation. A historical example illustrates how this can lead to significant consequences, as seen in the 2008 economic crisis when many homeowners faced foreclosure due to misjudged financial decisions.In this clip
From this podcast
Inner Cosmos with David Eagleman
Ep 76: How do you decide? (Part 2) | INNER COSMOS WITH DAVID EAGLEMAN
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