Neuroeconomics: A Critique of 'Neuroeconomics: A Critical Reconsideration'
Some economists believe that the work of neuroeconomists threatens the theory of economics. Glenn Harrison’s paper “Neuroeconomics: A Critical Reconsideration” attempts to set the score, though the points he makes are hidden behind the fumes of his anger (Glenn W. Harrison 2008). The field of neuroeconomics is barely into its teenage years; and it is trying to do what? Redesign the field of economics developed over a hundred years? No, that is not what neuroeconomics is trying to do, in spite of all the efforts of some economists trying to place it into that shoebox. Neuroeconomics is a Mendelian-Economics of sort; it is a science that is able to generate data by fixing the environment to some degree and looking to see each individual’s choices from the initiation of the decision-making process to its outcome. Standard economics (SE), on the other hand, looks at the average of the outputs of many individuals and proposes how the human chose those outcomes. The two fields, neuroeconomics and SE, are evaluating two sides of the same coin; one with and the other without ceteris paribus; they are not necessarily in conflict with one another.
|Date of creation:||25 Mar 2008|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
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.:
- Colin Camerer & Ernst Fehr & Herbert Gintis & Joseph Henrich & Richard McElreath & Robert Boyd & Samuel Bowles, 2001. "In search of homo economicus: Experiments in 15 small-scale societies," Artefactual Field Experiments 00068, The Field Experiments Website.
- Zak, Paul J. & Stanton, Angela A. & Ahmadi, Sheila, 2007. "Oxytocin Increases Generosity in Humans," MPRA Paper 5650, University Library of Munich, Germany.
- Joseph Henrich & Robert Boyd & Samuel Bowles & Colin Camerer & Ernst Fehr & Herbert Gintis & Richard McElreath & Michael Alvard & Abigail Barr & Jean Ensminger & Kim Hill & Francisco Gil-White & Micha, 2001. "Economic Man in Cross-Cultural Perspective: Behavioral Experiments in Fifteen Small-Scale Societies," Working Papers 01-11-063, Santa Fe Institute.
- Pearson, Matthew & Schipper, Burkhard C., 2013.
"Menstrual cycle and competitive bidding,"
Games and Economic Behavior,
Elsevier, vol. 78(C), pages 1-20.
- Pearson, Matthew & Schipper, Burkhard C, 2009. "Menstrual cycle and competitive bidding," MPRA Paper 16784, University Library of Munich, Germany.
- Matthew Pearson & Burkhard Schipper, 2012. "Menstrual Cycle and Competitive Bidding," Working Papers 1110, University of California, Davis, Department of Economics.
- Matthew Pearson & Burkhard C. Schipper, 2009. "Menstrual Cycle and Competitive Bidding," Working Papers 911, University of California, Davis, Department of Economics.
- Faruk Gul & Wolfgang Pesendorfer, 2005. "The Case for Mindless Economics," Levine's Working Paper Archive 784828000000000581, David K. Levine.
- Williamson, Oliver E, 1993. "Calculativeness, Trust, and Economic Organization," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 453-86, April.
- Paul J. Zak & Karla Borja & William T. Matzner & Robert Kurzban, 2005. "The Neuroeconomics of Distrust: Sex Differences in Behavior and Physiology," American Economic Review, American Economic Association, vol. 95(2), pages 360-363, May.
- Henrich, Joseph & Boyd, Robert & Bowles, Samuel & Camerer, Colin & Fehr, Ernst & Gintis, Herbert (ed.), 2004. "Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies," OUP Catalogue, Oxford University Press, number 9780199262052.
- Glenn W Harrison, 2008.
"Neuroeconomics: A Critical Reconsideration,"
Levine's Working Paper Archive
122247000000001915, David K. Levine.
- Colin F. Camerer & George Loewenstein & Drazen Prelec, 2004. "Neuroeconomics: Why Economics Needs Brains," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(3), pages 555-579, October.
- Stanton, Angela A., 2007. "Neural Substrates of Decision-Making in Economic Games," MPRA Paper 4030, University Library of Munich, Germany, revised 10 Jun 2007.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:7928. 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: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.