Narrow search
Showing 1 - 10 of 3,962
Cover Image
Some considerations regarding the problem of multidimensional utility
Binder, Martin - 2009
eliminate the possibility to make a normative argument supporting a multidimensional notion of utility. -- utility ; pleasures …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 …
Persistent link: https://www.econbiz.de/10003905687
Cover Image
Disentangling motivational and experiential aspects of "Utility" : a neuroeconomics perspective
Witt, Ulrich; Binder, Martin - 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 … experiential ones ("liking") and the features of the different psychological processes involved are recognized. -- utility …
Persistent link: https://www.econbiz.de/10009409675
Cover Image
Neuroeconomics, naturalism and language
Herrmann-Pillath, Carsten (contributor) - 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/10003785973
Cover Image
How mindless is standard economics really?
Schipper, Burkhard - 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 can not be revealed with any general...
Persistent link: https://www.econbiz.de/10003894920
Cover Image
Hayek 2.0 :Grundlinien einer naturalistischen Theorie wirtschaftlicher Ordnungen
Herrmann-Pillath, Carsten - 2011
Combining different new approaches to human behavior in neuroeconomics, the cognitive sciences and institutional economics, this paper sketches the fundamentals of a naturalistic theory of economic order. In this endeavour, the argument follows the track laid down by Hayek's comprehensive...
Persistent link: https://www.econbiz.de/10009382379
Cover Image
Neuroökonomik, Institutionen und verteilte Kognition : empirische Grundlagen eines nicht-reduktionistischen naturalistischen Forschungsprogramms in den Wirtschaftswissenschaften
Herrmann-Pillath, Carsten - 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/10009315573
Cover Image
A neurolinguistic approach to performativity in economics
Herrmann-Pillath, Carsten - 2009
In recent sociological studies of markets, especially financial markets, researchers have argued that economics is performative (MacKenzie, Callon et al.). By this they refer to the observation that theories such as the Black-Scholes formula do not simply describe reality, but contributed to the...
Persistent link: https://www.econbiz.de/10003874929
Cover Image
A tractable theory of choice based on cell behavior
Valdés-Edwards, Gonzalo; Valdés Prieto, Salvador - 2013
This paper presents a choice model based on a model for the behavior of brain cells that is based on neurological findings. The paper shows that it is possible to define choice as the result of a series of interconnected cellular processes, instead of framing the problem from the point of view...
Persistent link: https://www.econbiz.de/10010192076
Cover Image
The gender reference point gap
Kettlewell, Nathan; Levy, Jonathan; Tymula, Agnieszka; … - 2023
Studies have frequently found that women are more risk averse than men. In this paper, we depart from usual practice in economics that treats risk attitude as a primitive, and instead adopt a neuroeconomic approach where risk attitude is determined by the reference point which can be easily...
Persistent link: https://www.econbiz.de/10014279738
Cover Image
On the nature, modeling, and neural bases of social ties
Winden, Frans A. A. M. van; Stallen, Mirre; … - 2008
Purpose: 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...
Persistent link: https://www.econbiz.de/10011376614