Economics and Philosophy 24 (3):419-429 (2008)
|Abstract||We briefly describe ways in which neuroeconomics has made contributions to its contributing disciplines, especially neuroscience, and a specific way in which it could make future contributions to both. The contributions of a scientific research programme can be categorized in terms of (1) description and classification of phenomena, (2) the discovery of causal relationships among those phenomena, and (3) the development of tools to facilitate (1) and (2). We consider ways in which neuroeconomics has advanced neuroscience and economics along each line. Then, focusing on electrophysiological methods, we consider a puzzle within neuroeconomics whose solution we believe could facilitate contributions to both neuroscience and economics, in line with category (2). This puzzle concerns how the brain assigns reward values to otherwise incomparable stimuli. According to the common currency hypothesis, dopamine release is a component of a neural mechanism that solves comparability problems. We review two versions of the common currency hypothesis, one proposed by Read Montague and colleagues, the other by William Newsome and colleagues, and fit these hypotheses into considerations of rational choice.|
|Keywords||neuroscience economics neuroeconomics philosophy of psychology|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Trevor Kvaran & Alan G. Sanfey (2010). Toward an Integrated Neuroscience of Morality: The Contribution of Neuroeconomics to Moral Cognition. Topics in Cognitive Science 2 (3):579-595.
Benoit Hardy-Vallée (2007). Decision-Making: A Neuroeconomic Perspective. Philosophy Compass 2 (6):939–953.
Glenn Harrison & Don Ross (2010). The Methodologies of Neuroeconomics. Journal of Economic Methodology 17 (2):185-196.
Sacha Bourgeois-Gironde (2010). Is Neuroeconomics Doomed by the Reverse Inference Fallacy? Mind and Society 9 (2):229-249.
Benoit Hardy-Vallee (2007). Decision-Making: A Neuroeconomic Perspective. Philosophy Compass 2 (6):939-953.
Steven R. Quartz (2008). From Cognitive Science to Cognitive Neuroscience to Neuroeconomics. Economics and Philosophy 24 (3):459-471.
Don Ross (2011). Estranged Parents and a Schizophrenic Child: Choice in Economics, Psychology and Neuroeconomics. Journal of Economic Methodology 18 (3):217-231.
Roberto Fumagalli (2010). The Disunity of Neuroeconomics: A Methodological Appraisal. Journal of Economic Methodology 17 (2):119-131.
Ariel Rubinstein (2008). Comments on Neuroeconomics. Economics and Philosophy 24 (3):485-494.
N. Emrah Aydinonat (2010). Neuroeconomics: More Than Inspiration, Less Than Revolution. Journal of Economic Methodology 17 (2):159-169.
Added to index2009-01-28
Total downloads29 ( #48,060 of 722,783 )
Recent downloads (6 months)1 ( #60,541 of 722,783 )
How can I increase my downloads?