@Snow Leopard, good suggestions on how to proceed!
On your first set of questions:
How do each of the imaging technologies work?
I'm not best placed to give you a rundown on the physics, but for our purposes, the most important thing to know is that fMRI measures oxygen uptake (the more active a brain region, the more oxygen it takes up). Therefore, the fMRI signal can be influenced by
caridovascular factors (heart rate variability, etc.). This is a problematic confound when using it to study the physically ill.
The other thing to know is that fMRI isn't great at getting a signal from some brain parts. Cortically, these include the temporal and frontal "poles" (the anteriormost portions). Generally speaking, however, this issue is unlikely to be critical for the types of imaging studies we'll be looking at here.
What are the common biases?
Which are likely to be the most useful?
Not sure about biases, but the biggest problems are not with the technologies but with: 1) psychological task design; and 2) interpretation of results.
This is a big issue for another day (sorry!)
What new and novel technologies are being developed?
Not a new technology as such, but the big buzz right now is brain connectivity. This involves statistically analysing how activation (measured by fMRI) changes over time in different brain regions - to see whether they are "talking" to each other. So if an increase in activation in region X is quickly followed by an increase in Y - and this happens consistently - it would suggest the regions are influencing each other in some way. This is called
functional connectivity.
Functional connectivity can be measured while a person is just resting under the scanner ("resting state" fMRI). Or it can be measured while the person is performing a particular active task. The second one tells you how brain regions communicate
during that task, which could be very different from what happens at rest.
Structural connectivity is also big now. That's when you map the major white matter tracts in the brain using a specific type of fMRI called diffusion tensor imaging.
Another big noise at the moment is
Multivoxel Pattern Analysis (MVPA), another statistical technique applied to fMRI data. If you have an fMRI scanner with enough resolution, you can not only examine which areas are activated during a particular task, but also build a map of the actual pattern of activation in that area. People produce different patterns in response to individual stimuli. For example, there is a distinct pattern associated with seeing a word like "cat" and another one for seeing a word like "lamp". People have claimed this is like mind reading because you can use the patterns to get an idea exactly what the person was thinking about at the time.
Other technologies:
MEG (Magnetoencephalography) is also big. It works differently from fMRI, as it detects changes in the magnetic fields that occur over the scalp as you perform different tasks. The magnetic changes occur when large groups of neurons fire at the same time. So its picking up on a really different activity from the one fMRI measures, which is changes in the blood. MEG's huge plus is that its very good at unpacking the time course of events during performance on a particular task. For example, if you hear a word, which cortical regions are the first to become activated, and how long does it take for the signal to be transmitted to other particular brain regions? (e.g., regions that process the word's meaning).
MEG isn't good for examining activity in deep brain structures because it detects changes that are detecable from th scalp only.
TMS (transcranial magnetic stimulation) is getting bigger. Here we're talking about its use to temporarily interfere with function in a particular brain area for a short period. We can then examine what effect this temporary "dysfunction" has on performance. Then hopefully, learn more about what the brain area contributes to the task.