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The integration of economics and psychology has created a vibrant and fruitful emerging field of study. The essays in … Economics and Psychology take a broad view of the interface between these two disciplines, going beyond the usual focus on … "behavioral economics." As documented in this volume, the influence of psychology on economics has been responsible for a view of …
Persistent link: https://www.econbiz.de/10008632730
. While behaviourism has long gone out of fashion in psychology and linguistics, it remains the dominant orthodoxy in …
Persistent link: https://www.econbiz.de/10011258839
Neuroeconomics stays in the center of the ongoing naturalistic turn in economics. It portrays the individual as a complex system of decision making mechanisms and modules. This results into a conceptual tension with the standard economic notion of the unity of the actor that is a systemic...
Persistent link: https://www.econbiz.de/10005026968
Economics is increasingly adopting the methodological standards and procedures of the natural sciences. The paper analyzes this 'naturalistic turn' from the philosophical perspective on naturalism, and I discuss the implications for the field of finance. The theory of finance is an interesting...
Persistent link: https://www.econbiz.de/10005027044
Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is ""incomplete"". That is, it has content that cannot be revealed with any general...
Persistent link: https://www.econbiz.de/10008620454
Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is "incomplete". That is, it has content that can not be revealed with any general...
Persistent link: https://www.econbiz.de/10008578284
Neuroeconomics unified the once disparate fields of economics and psychology. The central thesis of the paper is that … – Neuroeconomics has inspired more change within economics than within psychology because the most important findings in Neuroeconomics …
Persistent link: https://www.econbiz.de/10009144221
The paper discusses the concept of an economic man in economics and management. The concept of “homo oeconomicus” assumes the full rational behaviour of a deciding man and was applied in classical and neoclassical theories. Based on resent findings of the neuronal, cognitive and behavioural...
Persistent link: https://www.econbiz.de/10009147885
This paper asks whether neuroeconomics will make instrumental use of neuroscience to adjudicate existing disputes in economics or be more seriously informed by neuroscience in ways that might transform economics. The paper pursues the question by asking how neuroscience constructs an...
Persistent link: https://www.econbiz.de/10008671501
A favourite uncle wants to borrow money from you but he is a compulsive gambler. In three years, he has gone through nearly a million dollars, depleting all of his savings. His life and marriage are just about on the rocks. His only child has no resources to finance her college education. As you...
Persistent link: https://www.econbiz.de/10010898022