Narrow search
Showing 1 - 10 of 2,548
Cover Image
Some Considerations Regarding the Problem of Multidimensional Utility
Binder, Martin - Wirtschaftswissenschaftliche Fakultät, … - 2009
The concept of 'utility' is often used in ambiguous ways in economics, from having substantive psychological … can we compare different pleasures? This paper assesses the evidence from psychology and neurosciences on how to best … conceive of utility. It turns out that empirical evidence does not favor a view of multidimensional utility. This does not …
Persistent link: https://www.econbiz.de/10008514330
Cover Image
Disentangling Motivational and Experiential Aspects of "Utility" - A Neuroeconomics Perspective
Witt, Ulrich; Binder, Martin - Volkswirtschaft Abteilung, Fachbereich … - 2011
-dimensional decision outcomes, economic theory assumes a uni-dimensional utility measure. This paper reviews evidence from behavioral and … makers' difficulties can be explained once the motivational aspects of utility ("wanting") are disentangled from the …
Persistent link: https://www.econbiz.de/10009401963
Cover Image
Disentangling motivational and experiential aspects of “utility” – A neuroeconomics perspective
Witt, Ulrich; Binder, Martin - In: Journal of Economic Psychology 36 (2013) C, pp. 27-40
decision outcomes, economic theory assumes a unidimensional utility measure. This paper reviews evidence from behavioral and … makers’ difficulties can be explained once the motivational aspects of utility (“wanting”) are disentangled from the …
Persistent link: https://www.econbiz.de/10011051322
Cover Image
Una primera aproximación a la evaluación del impacto de la neuroeconomía para la teoría económica
Nova, Jersson Guerrero; Gómez, Alejandra Arciniegas; … - UN - RCE - CID - 2011
El reciente auge de la neuroeconomía ha abierto una serie de preguntas sobre el impacto que esta nueva disciplina puede tener sobre la forma en que se hace teoría económica. Este trabajo busca resaltar la relevancia que la metodología en ciencia económica tiene como herramienta...
Persistent link: https://www.econbiz.de/10011276563
Cover Image
Does Macroeconomics Need Microeconomic Foundations?
Da Silva, Sergio - In: Economics - The Open-Access, Open-Assessment E-Journal 3 (2009), 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/10005082994
Cover Image
Does Macroeconomics Need Microeconomic Foundations?
Da Silva, Sergio - Institut für Weltwirtschaft (IfW) - 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/10005083350
Cover Image
Neuroökonomik, Institutionen und verteilte Kognition: Empirische Grundlagen eines nicht-reduktionistischen naturalistischen Forschungsprogramms in den Wirtschaftswissenschaften
Herrmann-Pillath, Carsten - Frankfurt School of Finance and Management - 2011
This paper presents an overview of recent research in neuroeconomics, in the light of the question how these relate to institutional economics. I present a critique of Glimcher's recent internalist standard model of neuroeconomics and put forward the claim that only an externalist approach can...
Persistent link: https://www.econbiz.de/10009368058
Cover Image
Neuroeconomics, naturalism and language
Herrmann-Pillath, Carsten - Frankfurt School of Finance and Management - 2008
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
Cover Image
The naturalistic turn in economics: implications for the theory of finance
Herrmann-Pillath, Carsten - Frankfurt School of Finance and Management - 2008
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
Cover Image
How mindless is standard economics really?
Schipper, Burkhard C. - Economics Department, University of California-Davis - 2009
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