Giorgio Coricelli

Professor of Economics and Psychology
Giorgio Coricelli
Email Office KAP 306D Office Phone (213) 740-3517

Research & Practice Areas

Neuroeconomics, Experimental Economics, Game Theory


  • Ph.D. Economics, University of Arizona, 2002
  • M.A. Economics, University of Arizona, 2001
  • B.A. Economics, University of Rome, 1995
  • Research Keywords

    Micro theory

  • Book Chapters

    • Timberlake, B., Coricelli, G., Bault, N. (2020). The Moral Psychology of Regret. Moral Psychology of the Emotions
    • Coricelli, G., Polonio, L., Vostroknutov, A. (2020). The process of choice in games. Handbook of Experimental Game Theory
    • Coricelli, G., Bault, N., Rusconi, E. (2019). Probing the decisional process with noninvasive brain stimulation. Handbook of Process Tracing Psychology Press.
    • Coricelli, G. (2015). Strategic Mentalizing: the neural correlates of strategic choice. Brain Mapping: An Encyclopedic Reference
    • Chierchia, G., Coricelli, G. (2011). The neuroeconomics of cognitive control. In Neural Basis of Motivational and Cognitive Control. Neural Basis of Motivational and Cognitive Control Cambridge, MA: The MIT Press.
    • Coricelli, G., Rusconi, E. (2011). Probing with TMS the decisional brain. Handbook of Process Tracing Methods for Decision R pp. 205-222. Psychology Press.

    Journal Article

    • Fioretti, M., Vostroknutov, A., Coricelli, G. (2022). Dynamic Regret Avoidance. American Economic Journal: Microeconomics.
    • Zonca, J., Vostroknutov, A., Coricelli, G., Polonio, L. ,. (2021). Timing of social feedback shapes observational learning in strategic interaction. Nature Scientific reports. Vol. 11 (1), pp. 21972. PubMed Web Address
    • Zaffuto, F., Joffily, M., Coricelli, G. (2021). The effect of ex-post information in choice under ambiguity. In: Financial Education and Risk Literacy. pp. 262-271.
    • Panizza, F., Vostroknutov, A., Coricelli, G. ,. (2021). How conformity can lead to polarised social behaviour. PLoS computational biology. Vol. 17 (10), pp. e1009530. PubMed Web Address
    • Chierchia, G., Tufano, F., Coricelli, G. (2020). The differential impact of friendship on cooperative and competitive coordination. Theory and Decision.
    • Guerini, R., FitzGibbon, L., Coricelli, G. (2020). Regret and Relief in 3- to 10-year-old Children: The Ontogenesis of Counterfactual Emotions and the Agency Effect. Journal of Economic Behavior & Organization.
    • Pischedda, D., Palminteri, S., Coricelli, G. (2020). The effect of counterfactual information on outcome value coding in medial prefrontal and cingulate cortex: from an absolute to a relative neural code. The Journal of Neuroscience.
    • Zonca, J., Coricelli, G., Polonio, L. (2020). Gaze data reveal individual differences in relational representation processes. Journal of Experimental Psychology: Learning, Memory and Cognition.
    • Zonca, J., Coricelli, G., Polonio, L. (2020). Gaze Patterns disclose the link between cognitive reflection and sophistication in strategic interaction. Judgement and Decision Making.
    • Lee, D., Coricelli, G. ,. (2020). An Empirical Test of the Role of Value Certainty in Decision Making. Frontiers in psychology. Vol. 11, pp. 574473. PubMed Web Address
    • Polonio, L., Coricelli, G. (2019). Testing the level of consistency between choices and beliefs in games using eye-tracking. Games and Economic Behavior.
    • Zonca, J., Coricelli, G., Polonio, L. (2019). Does exposure to alternative decision rules change gaze patterns and behavioral strategies in games?. Journal of the Economic Science Association. Vol. 5, pp. 14-25.
    • Bault, N., di Pellegrino, G., Opolczynski, G., Monti, A., Braghittoni, D., Thibaut, F., Rustichini, A., Coricelli, G. (2019). Dissociation between private and social counterfactual value signals following ventromedial prefrontal cortex damage. Journal of Cognitive Neuroscience. (11), pp. 1-18.
    • Bevard, S., Lebreton, M., Khamassi, M., Coricelli, G., Palminteri, S. (2018). Reference-point centering and range-adaptation enhance human reinforcement learning at the cost of irrational preferences. Nature Communications.
    • Neveu, R., Neveu, D., Carrier, E., Gay, A., Nicolas, A., Coricelli, G. (2018). Goal Directed and Self-Control Systems in Bulimia Nervosa: An fMRI Study. EBioMedicine. Vol. 34, pp. 214-222. PubMed Web Address
    • Neveu, R., Neveu, D., Carrier, E., Gay, A., Nicolas, A., Coricelli, G. (2018). Functional organization of cognitive control and goal oriented valuation systems in bulimia nervosa: an fMRI study. EBioMedicine. Vol. 24, pp. 214-222.
    • Coricelli, G., Diecidue, E., Zaffuto, F. (2018). Evidence for Multiple strategies in choice under risk. Journal of Risk and Uncertainty.
    • Aziz-Zadeh, L., Kilroy, E., Coricelli, G. (2018). Understanding activation patterns in shared circuits: Toward a value driven model. Frontiers Human Neuroscience.
    • Vostroknutov, A., Polonio, L., Coricelli, G. (2018). Observational learning and intelligence. Scientific Report.
    • Chierchia, G., Nagel, R., Coricelli, G. (2018). Betting on nature or betting on others: anti-coordination induces uniquely high levels of entropy. Scientific Report. Vol. 23 (8)
    • Nagel, R., Brovelli, A., Heinemann, F., Coricelli, G. (2018). Neural mechanisms mediating degrees of strategic uncertainty. Social Cognitive and Affective Neuroscience.
    • Vostroknutov, A., Polonio, L., Coricelli, G. (2018). The Role of Intelligence in Social Learning. Scientific reports. Vol. 8 (1), pp. 6896. PubMed Web Address
    • Salvador, A., Worbe, Y., Delorme, C., Coricelli, G., Gaillard, R., Robbins, T., Hartmann, A., Palminteri, S. (2017). Specific effect of a dopamine partial agonist on counterfactual learning: evidence from Gilles de la Tourette syndrome. Scientific Report. Vol. 24 (7), pp. 6292.
    • Palminteri, S., Kilford, E., Coricelli, G., Blakemore, S. (2016). The Computational Development of Reinforcement Learning during Adolescence. PLoS Computational Biology. Vol. 12 (6)
    • Neveu, R., Fouragnan, E., Barsumian, F., Carmier, E., Lai, M., Nicolas, A., Neveu, D., Coricelli, G. (2016). Preference for safe over risky options in binge eating. Front. Behav. Neurosci..
    • Bault, N., Wydoodt, P., Coricelli, G. (2016). Different attentional patterns for regret and disappointment: an eye-tracking study. Journal of Behavioral Decision Making.
    • Neveu, R., Neveu, D., Barbalat, G., Schmidt, U., Coricelli, G., Nicolas, A. (2016). The Sequential Binge, a New Therapeutic Approach for Binge Eating: A Pilot Study. PloS one. Vol. 11 (11), pp. e0165696. PubMed Web Address
    • Polonio, L., Di Guida, S., Coricelli, G. (2015). Strategic sophistication and attention in games: an eye-tracking study. Games and Economic Behavior. (94), pp. 80-96.
    • Chierchia, G., Coricelli, G. (2015). The impact of perceived similarity on tacit coordination: propensity for matching and aversion to decoupling choices. Frontiers in Behavioral Neuroscience.
    • Griessinger, T., Coricelli, G. (2015). The Neuroeconomics of Strategic Interaction. Current Opinion in Behavioral Sciences. (3), pp. 73-79.
    • Palminteri, S., Khamassi, M., Joffily, M., Coricelli, G. (2015). Contextual modulation of value signals in reward and punishment learning. Nature Communications.
    • Clausi, S., Coricelli, G., Pisotta, I., Pavone, E., Lauriota, M., Molinari, M., Leggio, M. (2015). Cerebellar damage impairs the self-rating of regret feeling in a gambling task. Frontiers in Behavioral Neuroscience.
    • Neveu, R., Neveu, D., Barsumian, F., Fouragnan, E., Carrier, E., Perroud, A., Lai, M., Sultan, J., Nicolas, A., Coricelli, G. (2014). Improved planning abilities in binge eating. PLoS One. Vol. 9 (8), pp. e105657.
    • Zalla, T., Robic, S., Chaste, P., Leboyer, M., Sirigu, A., Coricelli, G. (2014). Feelings of Regret and Disappointment in Adults with High-Functioning Autism. Cortex. (58), pp. 112-122.
    • Coricelli, G., Rusconi, E., Villeval, M. (2014). Tax Evasion and emotions in repeated interactions: An empirical test of re-integrative shaming theory. Journal of Economic Psychology. Vol. 40, pp. 49-61.
    • Joffily, M., Coricelli, G. (2013). Emotional Valence and the Free-Energy Principle. PLoS Computational Biology. Vol. 9 (6), pp. e1003094..
    • Foiuragnan, E., Chierchia, G., Greiner, S., Neveu, R., Avesani, P., Coricelli, G. (2013). Reputational priors magnify striatal responses to violations of trust. The Journal of Neuroscience. Vol. 33 (8), pp. 3602-3611.
    • Grygolec, J., Coricelli, G., Rustichini, A. (2012). Positive Interaction of Social Comparison and Personal Responsibility for Outcomes. Frontiers in Cognitive Science.
    • Coricelli, G., Nagel, R. (2012). The neural basis of bounded rational behavior. Revista International de Sociología. pp. 39-52.
    • Simioni, S., Annoni, J., Coricelli, G., Bault, N., Kleeberg, J., Pasquier, R., Gschwind, M., Vuilleumier, P., Schluep, M. (2012). Multiple sclerosis decreases explicit counterfactual processing and risk taking in decision making. PLoS ONE.
    • Giorgetta, C., Gregucci, A., Bonini, N., Coricelli, G., Demarchi, G., Braun, C., Sanfey, A. (2012). Waves of regret: A MEG study of emotion and decision-making. Neuropsychologia. Vol. 51, pp. 38-51.
    • Bault, N., Joffily, M., Rustichini, A., Coricelli, G. (2011). Medial prefrontal cortex and striatum mediate the influence of social comparison on the decision process. Proceedings of the National Academy of Sciences USA. Vol. 108 (38), pp. 16044-9.
    • Burnett, S., Bault, N., Coricelli, G., Blakemore, S. J. (2010). Adolescents’ heightened risk-seeking in a probabilistic gambling task. Cognitive development. Vol. 25 (2), pp. 183-196. PubMed Web Address
    • Larquet, M., Coricelli, G., Opolczynski, G., Thibaut, F. (2010). Impaired decision making in schizophrenia and orbitofrontal cortex lesion patients. Schizophrenia research. Vol. 116 (2-3), pp. 266-73. PubMed Web Address
    • Coricelli, G., Joffily, M., Montmarquette, C., Villeval, M. (2010). Cheating, Emotions, and Rationality: An Experiment on Tax Evasion. Journal of Experimental Economics. Vol. 13, pp. 226-247.
    • Coricelli, G., Rustichini, A. (2010). Counterfactual Thinking and Emotions: Regret and Envy Learning. Philosophical Transactions of the Royal Society B. Vol. 365, pp. 241-247.
    • Larquet, M., Coricelli, G., Opolczynski, G., Thibaut, F. (2010). Impaired decision-making in schizophrenia and orbitofrontal cortex patients. Schizophrenia Research. Vol. 116, pp. 266-73.
    • Burnett, S., Bault, N., Coricelli, G., Blakemore, S. (2010). Adolescents’ heightened risk-seeking in a probabilistic gambling task. Cognitive Development. Vol. 25, pp. 183-196.
    • Coricelli, G., Nagel, R. (2010). Neuroeconomics of depth of reasoning. History of Economic Ideas. pp. 123-131.
    • Coricelli, G., Nagel, R. (2009). Neural correlates of depth of strategic reasoning in medial prefrontal cortex. Proceedings of the National Academy of Sciences USA. Vol. 106, pp. 9163-9168.
    • Bault, N., Coricelli, G., Rustichini, A. (2008). Interdependent utilities: How social ranking affects choice behavior. PLoS One. pp. 3(10):e3477.
    • Büchner, S., Coricelli, G., Greiner, B. (2008). Self-centered and other-regarding behavior in the Solidarity game. Journal of Economic Behavior and Organization. Vol. 62, pp. 293-303.
    • Coricelli, G. (2008). The potential role of regret in the physician-patient relationship: insights from neuroeconomics. Advances in Health Economics and Health Services Research. Vol. 20, pp. 85-97.
    • Ambrosino, A., Bault, N., Coricelli, G. (2008). Neural basis of emotional aspects of economic decision making. Revue d’économie politique. Vol. 1, pp. 63-73.
    • Coricelli, G., Dolan, R., Sirigu, A. (2007). Brain, emotion and decision making: the paradigmatic example of regret. TRENDS in Cognitive Sciences. Vol. 11, pp. 258-265.
    • Coricelli, G., Gonzales-Morales, L., Mahlstedt, A. (2006). The investment game with asymmetric information. Metroeconomica. Vol. 57, pp. 16-30.
    • Coricelli, G., Camille, N., Pradat-Diehl,, P., Duhamel, J., Sirigu, A. (2005). Why anticipated regret influences subjects’ choice. Science. Vol. 308, pp. 1260-1261.
    • Coricelli, G., Critchley, H., Joffily, M., O’Doherty, J., Sirigu, A., Dolan, R. (2005). Regret and its Avoidance: A Neuroimaging Study of Choice Behavior. Nature Neuroscience. Vol. 8, pp. 1255 – 1262.
    • Coricelli, G. (2005). Two-levels of mental states attribution: from automaticity to voluntariness. Neuropsychologia. Vol. 43, pp. 294-300.
    • Coricelli, G. (2004). How the Brain Evaluates and Predicts Monetary Rewards. Homo Oeconomicus. pp. 509-520.
    • Coricelli, G. (2004). Reciprocity-based emotions: An experimental study. Rivista Internazionale di Scienze Sociali. pp. 359-379.
    • Coricelli, G., Fehr, D., Fellner, G. (2004). Partner selection in public goods experiments. Journal of Conflict Resolution. Vol. 48, pp. 356-378.
    • Camille, N., Coricelli, G., Sallet, J., Pradat, D., Duhamel, J., Sirigu, A. (2004). The involvement of the orbitofrontal cortex in the experience of regret. Science. Vol. 304, pp. 1167-1170.
    • Coricelli, G., Luini, L. (2003). Double Moral Hazard: an Experiment on Warranties. Economia impresa e mercati finanziari. Vol. 2, pp. 7-25.
  • Editorships and Editorial Boards

    • Associate Editor, Journal of Economic Psychology, 2019 –
    • Associate Editor, Science Advances, 2019 –

    Other Service to the Profession

    • Board Member Society for Neuroeconomics,
    • Member of the Faculty Council USC,