Decision-Making: A Neuroeconomic Perspective

Hardy-Vallee, Benoit (2007): Decision-Making: A Neuroeconomic Perspective. Forthcoming in: Philosophy Compass

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.

• Item Type: MPRA Paper
• Institution: University of Toronto
• Language: English
• Keywords: neuroeconomics; decision-making; rationality; ultimatum; philosophy; psychology
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General; D - Microeconomics > D0 - General > D01 - Microeconomic Behavior: Underlying Principles

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