Meeting Banner
Abstract #3298

An fMRI-based investigation for financial decision-making from Neurofinance perspective

Mrinalini Srivastava1, S Senthil Kumaran1, Achal Kumar Srivastava2, Gagan Deep Sharma3, and Himanshu Singh1
1Department of NMR, All India Institute of Medical Sciences, New Delhi, India, 2Department of Neurology, All India Institute of Medical Sciences, New Delhi, India, 3University School of Management Studies, Guru Gobind Singh Indraprastha University, New Delhi, India

Synopsis

Keywords: Task/Intervention Based fMRI, fMRI (task based), IGT, Neurofinance

Motivation: Neurofinance has shown great opportunity for researchers in the field of finance to understand the financial decision-making process at the neurological level.

Goal(s): To investigate the decision-making process through fMRI technique using IOWA Gambling task to understand the significance of education (financial management education in this study) for acquiring financial literacy skills for better financial decision making.

Approach: fMRI technique is used to identify the brain activation patterns for acquisition of financial literacy skills and further exploring the role of training on learning, memory.

Results: We identified areas with association of memory and learning during financial decision-making via IGT task.

Impact: Neuroscience provides the foundation for comprehending affective influences on financial decisions. In recent years, neurological, behavioural and cognitive approaches have given economics and finance an impetus and has led to the emergence of the disciplines in Neurofinance and Neuroeconomics.

How to access this content:

For one year after publication, abstracts and videos are only open to registrants of this annual meeting. Registrants should use their existing login information. Non-registrant access can be purchased via the ISMRM E-Library.

After one year, current ISMRM & ISMRT members get free access to both the abstracts and videos. Non-members and non-registrants must purchase access via the ISMRM E-Library.

After two years, the meeting proceedings (abstracts) are opened to the public and require no login information. Videos remain behind password for access by members, registrants and E-Library customers.

Click here for more information on becoming a member.

Keywords