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Disentangling motivational and experiential aspects of "Utility": A neuroeconomics perspective
Witt, Ulrich; Binder, Martin - 2011
Although decision makers are often reported to have difficulties in making comparisons between multi …-dimensional decision outcomes, economic theory assumes a uni-dimensional utility measure. This paper reviews evidence from behavioral and … brain sciences to assess whether, and for what reasons, this assumption may be warranted. It is claimed that the decision …
Persistent link: https://www.econbiz.de/10010286755
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Green Jobs: Beschäftigungschancen für HochschulabsolventInnen. Trends und Entwicklungen
2023
Persistent link: https://www.econbiz.de/10014540082
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The neuroeconomics of voting: Neural evidence of different sources of utility in voting
Bischoff, Ivo; Neuhaus, Carolin; Trautner, Peter; … - 2012
Which motives drive the decision of a voter to approve or reject a policy proposal? The Public Choice literature … patterns of neural activity in different voting situations. We conduct an fMRI-experiment which investigates neural activation …
Persistent link: https://www.econbiz.de/10010294400
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Does Macroeconomics Need Microeconomic Foundations?
Da Silva, Sergio - 2009
The author argues that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical...
Persistent link: https://www.econbiz.de/10010298584
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Does Macroeconomics Need Microeconomic Foundations?
Da Silva, Sergio - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-23, pp. 1-11
I argue that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical physics.
Persistent link: https://www.econbiz.de/10010298641
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On the Nature, Modeling, and Neural Bases of Social Ties
van Winden, Frans; Stallen, Mirre; Ridderinkhof, K. Richard - 2008
<b>Purpose:</b><br>This paper addresses the nature, formalization, and neural bases of (affective) social ties anddiscusses the relevance of ties for health economics. A social tie is defined as an affectiveweight attached by an individual to the well-being of another individual ('utilityinterdependence')....
Persistent link: https://www.econbiz.de/10010325717
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Some considerations regarding the problem of multidimensional utility
Binder, Martin - 2009
The concept of utility is often used in ambiguous ways in economics, from having substantive psychological connotations to being a formal placeholder representing a person's preferences. In the accounts of the early utilitarians, it was a multidimensional measure that has been condensed during...
Persistent link: https://www.econbiz.de/10010267093
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The neuroeconomics of mind reading and empathy
Singer, Tania; Fehr, Ernst - 2005
The most fundamental solution concepts in Game Theory Nash equilibrium, backward induction, and iterated elimination of dominated strategies are based on the assumption that people are capable of predicting others' actions. These concepts require people to be able to view the game from the other...
Persistent link: https://www.econbiz.de/10010267443
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Multiple selves in intertemporal choice
Jamison, Julian; Wegener, Jon - 2009
convenient modeling device but in terms of actual brain systems and decision]making processes. Intertemporal choices are thus …
Persistent link: https://www.econbiz.de/10010280868