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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...
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Financial decisions are among the most important life-shaping decisions that people make. We review facts about financial decisions and what cognitive and neural processes influence them. Because of cognitive constraints and a low average level of financial literacy, many household decisions...
Persistent link: https://www.econbiz.de/10012900656
Dual systems theories play an important role in the conceptual foundations of behavioural economics, such as distinguishing between ‘fast' and ‘slow' responses to stimuli. After considering how behavioural economists use these dualities to legitimize policy interventions, I critically...
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theory is quite different than habit formation, as modelled by adjacent complementarity or reference-dependence in other …
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choice) or benefits from the introduction of behavioral constructs. Neuroeconomics is well equipped to guide the theory of …
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