Decision-Making: A Neuroeconomic Perspective

Hardy-Vallée, Benoit (2007) Decision-Making: A Neuroeconomic Perspective.

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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:decision-making, rationality, irrationality, economics, neuroscience, neuroeconomics, emotions, ultimatum, trust, fairness, prisoner's dilemma, brain, game theory,
Subjects:Specific Sciences: Biology: Neuroscience
Specific Sciences: Psychology/Psychiatry
Specific Sciences: Economics
General Issues: Explanation
ID Code:3433
Deposited By:Hardy-Vallée, Benoit
Deposited On:12 July 2007