Multiple-self models in neuroeconomics. A methodological critique
The idea of multiple-self models in economics is that individual identity is the equilibrium result of the strategic interaction between sub-personal selves. These models fill the gap of standard rational choice theory in explaining inter-temporal inconsistency of choices. This modelling procedure requires an extension of revealed preference theory to the sub-personal level. This extension is grounded in the assumption that sub-personal selves are economic agents to whom analytical tools of microeconomics apply. I claim that this assumption is false and entails the empirical methodology of functional localization that fails to provide robust results.
|Date of creation:||Sep 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Corso Unione Sovietica, 218bis - 10134 Torino - Italy|
Phone: +39 011 6706060
Fax: +39 011 6706062
Web page: http://www.esomas.unito.it/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Don Ross & Carla Sharp & Rudy E. Vuchinich & David Spurrett, 2008.
"Midbrain Mutiny: The Picoeconomics and Neuroeconomics of Disordered Gambling: Economic Theory and Cognitive Science,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262182653, March.
- Ross, Don & Sharp, Carla & Vuchinich, Rudy E. & Spurrett, David, . "Midbrain Mutiny: The Picoeconomics and Neuroeconomics of Disordered Gambling: Economic Theory and Cognitive Science," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262517582, March.
- Marieke van Rooij & Guy Van Orden, 2011. "It's about Space, It's about Time, Neuroeconomics and the Brain Sublime," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 31-56, Fall.
- Aldo Rustichini, 2009. "Is There a Method of Neuroeconomics?," American Economic Journal: Microeconomics, American Economic Association, vol. 1(2), pages 48-59, August.
- Gary S. Becker & Kevin M. Murphy, 1986.
"A Theory of Rational Addiction,"
University of Chicago - George G. Stigler Center for Study of Economy and State
41, Chicago - Center for Study of Economy and State.
- Nathan Berg & Gerd Gigerenzer, 2010.
"As-if behavioral economics: neoclassical economics in disguise?,"
History of Economic Ideas,
Fabrizio Serra Editore, Pisa - Roma, vol. 18(1), pages 133-166.
- Berg, Nathan & Gigerenzer, Gerd, 2010. "As-if behavioral economics: Neoclassical economics in disguise?," MPRA Paper 26586, University Library of Munich, Germany.
- Guala,Francesco, 2005.
"The Methodology of Experimental Economics,"
Cambridge University Press, number 9780521853408, Junio.
- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, December.
- Paul William Glimcher & Kenway Louie & Joseph Kable, 2007. "Neuroeconomic Studies of Impulsivity: Now or Just as Soon as Possible?," American Economic Review, American Economic Association, vol. 97(2), pages 142-147, May.
- Don Ross, 2007. "Economic Theory and Cognitive Science: Microexplanation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262681684, March.
When requesting a correction, please mention this item's handle: RePEc:icr:wpicer:07-2012. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Simone Pellegrino)
If references are entirely missing, you can add them using this form.