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Decision-Making: A Neuroeconomic Perspective

Philosophy Compass, Forthcoming

25 Pages Posted: 5 Aug 2007  

Benoit Hardy-Vallée

University of Toronto - Department of Philosophy

Abstract

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 philosophy, economics and psychology, I review many important findings in neuroeconomics to show that they suggest a revised picture of decision-making and ourselves as choosing agents. Finally, I outline a neuroeconomic account of irrationality.

Keywords: neuroeconomics, decision-making, philosophy, rationality, irrationality, game theory, emotions, ultimatum

JEL Classification: A12, C90, B40

Suggested Citation

Hardy-Vallée, Benoit, Decision-Making: A Neuroeconomic Perspective. Philosophy Compass, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1004584

Benoit Hardy-Vallée (Contact Author)

University of Toronto - Department of Philosophy ( email )

215 Huron Street
Toronto, Ontario M5S 1A2
Canada

HOME PAGE: http://www.hardyvallee.net

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