Decision-Making: A Neuroeconomic Perspective
AbstractThis article introduces and discusses from a philosophical point of view the nascent field of neuroeconomics, which is the study of neural mechanisms involved in decision-making and their economic significance. Following a survey of the ways in which decision-making is usually construed in philosophy, economics and psychology, I review many important findings in neuroeconomics to show that they suggest a revised picture of decision-making and ourselves as choosing agents. Finally, I outline a neuroeconomic account of irrationality.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 4010.
Date of creation: Jul 2007
Date of revision:
neuroeconomics; decision-making; rationality; ultimatum; philosophy; psychology;
Find related papers by JEL classification:
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-07-20 (All new papers)
- NEP-BEC-2007-07-20 (Business Economics)
- NEP-EVO-2007-07-20 (Evolutionary Economics)
- NEP-EXP-2007-07-20 (Experimental Economics)
- NEP-HPE-2007-07-20 (History & Philosophy of Economics)
- NEP-KNM-2007-07-20 (Knowledge Management & Knowledge Economy)
- NEP-NEU-2007-07-20 (Neuroeconomics)
- NEP-UPT-2007-07-20 (Utility Models & Prospect Theory)
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