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Towards a Theory of Revealed Economic Behavior: The Economic-Neurosciences Interface


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  • Joost Pennings
  • Philip Garcia


  • Eligius Hendrix



Based on recent findings from economics and the neurosciences, we present a conceptual decision-making model that provides insight into human decision-making and illustrates how behavioral outcomes are transformed into phenomena. The model may be viewed as a bridge between the seemingly disparate disciplines of neuroscience and economics that may facilitate more integrative research efforts and provide a framework for developing research agendas for scientists interested in human behavior and economic phenomena. Copyright Springer 2005

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Bibliographic Info

Article provided by Springer in its journal Journal of Bioeconomics.

Volume (Year): 7 (2005)
Issue (Month): 2 (01)
Pages: 113-127

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Handle: RePEc:kap:jbioec:v:7:y:2005:i:2:p:113-127

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Related research

Keywords: revealed behavior; decision-making model; predicting behavior; understanding behavior; economics; neurosciences; synthesis; A1; D1; E6; G1; M1; Q1;

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  1. Grether, David M. & Plott, Charles R., . "Economic Theory of Choice and the Preference Reversal Phenomenon," Working Papers 152, California Institute of Technology, Division of the Humanities and Social Sciences.
  2. L. J. Bourgeois, III & Kathleen M. Eisenhardt, 1988. "Strategic Decision Processes in High Velocity Environments: Four Cases in the Microcomputer Industry," Management Science, INFORMS, vol. 34(7), pages 816-835, July.
  3. Pennings, Joost M.E. & Garcia, Philip, 2005. "The poverty challenge: How individual decision-making behavior influences poverty," Economics Letters, Elsevier, vol. 88(1), pages 115-119, July.
  4. Safra, Zvi & Segal, Uzi & Spivak, Avia, 1990. "Preference Reversal and Nonexpected Utility Behavior," American Economic Review, American Economic Association, vol. 80(4), pages 923-30, September.
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Cited by:
  1. David Naranjo-Gil & Laura Gomez-Ruiz & Maria Jesus Sanchez-Exposito, 2011. "Neuroscience and management: challenges for behavioural research in organizations," Journal of Positive Management, Uniwersytet Mikolaja Kopernika, vol. 2, pages 45-58.


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