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Cross-talk in economics and neuroscience

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Author Info

  • Sacha Bourgeois-Gironde

    ()
    (IJN - Institut Jean-Nicod - CNRS : UMR8129 - Ecole Normale Supérieure de Paris - ENS Paris - Ecole des Hautes Etudes en Sciences Sociales (EHESS))

  • Carl Schoonover

    (columbia university - Columbia University)

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    Abstract

    Neuroeconomics is a recent extension of behavioral economics which aims at uncovering the brain mechanisms and activities that mediate regular and anomalous behaviour. Gul and Pesendorfer (2005) have launched a critique against the neuroeconomic research program, based on what they argue is the incommensurability of the theoretical constructs employed by each respective discipline. To respond to their argument we envision and illustrate several "directions of instruction" between neuroscience and economics, and provide counter-examples to their critique. This disciplinary cross-talk suggests that neuroeconomics may play a crucial conceptual and methodological role in fostering the unity of behavioral sciences.

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    File URL: http://jeannicod.ccsd.cnrs.fr/docs/00/43/26/65/PDF/cross-talks.pdf
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    Bibliographic Info

    Paper provided by HAL in its series Post-Print with number ijn_00432665.

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    Date of creation: 2008
    Date of revision:
    Publication status: Published, Revue d'économie politique, 2008, 118, 1, 35-50
    Handle: RePEc:hal:journl:ijn_00432665

    Note: View the original document on HAL open archive server: http://jeannicod.ccsd.cnrs.fr/ijn_00432665/en/
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    Web page: http://hal.archives-ouvertes.fr/

    Related research

    Keywords: neuroeconomics; behavioral sciences; value; rationality; emotions;

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    1. Smith, Vernon L., 2002. "Constructivist and Ecological Rationality in Economics," Nobel Prize in Economics documents 2002-7, Nobel Prize Committee.
    2. McCabe, Kevin A. & Rigdon, Mary L. & Smith, Vernon L., 2003. "Positive reciprocity and intentions in trust games," Journal of Economic Behavior & Organization, Elsevier, vol. 52(2), pages 267-275, October.
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