Towards a Theory of Revealed Economic Behavior: The Economic-Neurosciences Interface

23 Pages Posted: 4 Jan 2005

See all articles by Joost M. E. Pennings

Joost M. E. Pennings

Maastricht University; Wageningen UR

Philip Garcia

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Eligius Hendrix

Wageningen UR - School of Social Sciences

Abstract

Based on recent findings from economics and the neurosciences, we present a conceptual decision-making model that provides insight into human decision-making and illustrates how behavioral outcomes are transformed into phenomena. The model may be viewed as a bridge between the seemingly disparate disciplines of neuroscience and economics that may facilitate more integrative research efforts and provide a framework for developing research agendas for scientists interested in human behavior and economic phenomena.

Keywords: revealed behavior, economics, neurosciences, synthesis, decision-making model

JEL Classification: A1, D1, E6, G1, M1, Q1

Suggested Citation

Pennings, Joost M. E. and Garcia, Philip and Hendrix, Eligius, Towards a Theory of Revealed Economic Behavior: The Economic-Neurosciences Interface. Journal of Bioeconomics, Forthcoming. Available at SSRN: https://ssrn.com/abstract=639621

Joost M. E. Pennings (Contact Author)

Maastricht University ( email )

P.O. Box 616
Maastricht, 6200MD
Netherlands

Wageningen UR ( email )

Hollandseweg 1
Wageningen, 6706KN
Netherlands

Philip Garcia

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics ( email )

1301 W. Gregory Drive
427 Mumford Hall
Urbana, IL 61801
United States
217-333-0644 (Phone)
217-333-5538 (Fax)

Eligius Hendrix

Wageningen UR - School of Social Sciences ( email )

De Leeuwenborch
Hollandseweg 1
6706 KN Wageningen
Netherlands

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