Multiple-self models in neuroeconomics. A methodological critique

Marco Stimolo ()

ICER Working Papers from ICER - International Centre for Economic Research

Abstract: 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.

Keywords: Multiple-self; rationality; as if; functional localization; robustness (search for similar items in EconPapers)
Pages: 20 pages
Date: 2012-09
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-hpe and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:icr:wpicer:07-2012

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