Decision-Making: A Neuroeconomic Perspective

Benoit Hardy-Vallee

MPRA Paper from University Library of Munich, Germany

Abstract: This 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.

Keywords: neuroeconomics; decision-making; rationality; ultimatum; philosophy; psychology (search for similar items in EconPapers)
JEL-codes: B50 D01 (search for similar items in EconPapers)
Date: 2007-07
New Economics Papers: this item is included in nep-bec, nep-evo, nep-exp, nep-hpe, nep-knm, nep-neu and nep-upt
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4010

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