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Is There a Method of Neuroeconomics?

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Author Info
Aldo Rustichini
Abstract

This note tries to state, precisely, the method of neuroecomics, and is based on the discussion in B. Douglas Bernheim's (2009) appraisal. We claim that the theory formulates hypotheses modeling the choice process as an algorithmic procedure. The hypothesis of the algorithmic procedure imposes restriction on the neural processes implementing it, and, so, a joint test of the hypothesis based on behavioral and neural data is possible, increasing the statistical and the explanatory power of the theory. (JEL B41, D87)

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File URL: http://hdl.handle.net/10.1257/mic.1.2.48
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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/mic.1.2.48
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Publisher Info
Article provided by American Economic Association in its journal American Economic Journal: Microeconomics.

Volume (Year): 1 (2009)
Issue (Month): 2 (August)
Pages: 48-59
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Handle: RePEc:aea:aejmic:v:1:y:2009:i:2:p:48-59

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This page was last updated on 2009-12-22.

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