Abstract

http://ssrn.com/abstract=1336526
 
 

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Neuroaccounting, Part I: The Primate Brain and Reciprocal Exchange


John W. Dickhaut


Chapman University (Deceased)

Sudipta Basu


Temple University - Department of Accounting

Kevin A. McCabe


George Mason University - Department of Economics; George Mason University School of Law

Gregory B. Waymire


Emory University - Department of Accounting

January 30, 2009


Abstract:     
We develop the hypothesis that culturally evolved accounting principles (e.g., Objectivity) have their roots in how the biologically evolved human brain evaluates the desirability of reciprocal exchange. Our analysis is communicated in two related parts. In this first essay, Part I, we provide background on the structure and evolution of the brain, the measurement of brain activity during economic decision-making using neuroscientific methods, and the brain's central role in building economic institutions. In the second essay, Part II, we describe the emergence of modern accounting principles and review the neuroscientific evidence suggesting a mapping from brain function to the principles of modern accounting. Our analysis of NeuroAccounting is important because it extends Basu and Waymire (2006) to provide a new way to scientifically view accounting, which can prove useful for evaluating the desirability of implementing new policies that run contrary to long-established accounting principles.

Number of Pages in PDF File: 35

Keywords: Accounting principles, economic exchange, neuroeconomics, primate brain

JEL Classification: D80, E11, M40

working papers series


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Date posted: February 2, 2009  

Suggested Citation

Dickhaut, John W. and Basu, Sudipta and McCabe, Kevin A. and Waymire, Gregory B., Neuroaccounting, Part I: The Primate Brain and Reciprocal Exchange (January 30, 2009). Available at SSRN: http://ssrn.com/abstract=1336526 or http://dx.doi.org/10.2139/ssrn.1336526

Contact Information

John Dickhaut
Chapman University (Deceased)
Sudipta Basu
Temple University - Department of Accounting ( email )
Philadelphia, PA 19122
United States
215.204.0489 (Phone)
215.204.5587 (Fax)

Kevin A. McCabe
George Mason University - Department of Economics ( email )
4400 University Drive
Fairfax, VA 22030
United States
George Mason University School of Law ( email )
3301 Fairfax Drive
Arlington, VA 22201
United States
Gregory B. Waymire (Contact Author)
Emory University - Department of Accounting ( email )
Goizueta Business School
1300 Clifton Road
Atlanta, GA 30322
United States
404-727-6589 (Phone)
404-727-6313 (Fax)
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