Abstract: Behavioral decision making is the study of how people make decisions. It hopes to describe these processes in ways that will eventually help people to make better decisions. Nowadays, the understanding and improvement of decision behavior continues to be an important area of research. In this invited paper, the Team of Behavioral Decision Making at Institute of Psychology, Chinese Academy of Sciences, its research areas and its orientation were debriefed. The most recent research results of the team members since 2005 were presented and discussed. The team’s mission was recognized as to foster an understanding of those elements of human behavior, both cognitive and affective (emotional) that influence the decision-making process in all social and economic contexts and settings

Key words: decision-making &, brain, social interaction, cross-cultural variation, consumption &, investment behavior, hedonomics