Decision-Making: A Neuroeconomic Perspective
University of Toronto - Department of Philosophy
Philosophy Compass, Forthcoming
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.
Number of Pages in PDF File: 25
Keywords: neuroeconomics, decision-making, philosophy, rationality, irrationality, game theory, emotions, ultimatum
JEL Classification: A12, C90, B40
Date posted: August 5, 2007