Economics, Psychology, and the Unity of the Decision Sciences

Philosophy of the Social Sciences 46 (2):103-128 (2016)
  Copy   BIBTEX

Abstract

In recent years, several authors have reconstructed the relationship between 20th-century economic theory and neuro-psychological research in terms of a three-stage narrative of initial unity, increasing separation, and ongoing reunification. In this article, I draw on major developments in economic theory and neuro-psychological research to provide a descriptive and normative critique of this reconstruction. Moreover, I put forward a reconstruction of the relationship between economics and neuro-psychology that, I claim, better fits both the available empirical evidence and the methodological foundations of these disciplines. In doing so, I argue that recent calls to develop a unified interdisciplinary framework for modeling choice are premised on disputable presuppositions concerning both the domain of economic theory and the relationship between this theory’s axiomatic foundations and empirical findings about the neuro-psychological substrates of choice

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 91,322

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

The syllogism of neuro-economics.Camillo Padoa-Schioppa - 2008 - Economics and Philosophy 24 (3):449-457.
The futile search for true utility.Roberto Fumagalli - 2013 - Economics and Philosophy 29 (3):325-347.
In partial defense of softness.Daniel S. Levine - 2001 - Behavioral and Brain Sciences 24 (3):421-422.
Towards the unity of the human behavioral sciences.Herbert Gintis - 2004 - Politics, Philosophy and Economics 3 (1):37-57.
Purity, Resistance, and Innocence in Utility Theory.R. Duncan Luce - 2008 - Theory and Decision 64 (2-3):109-118.
Book Review. [REVIEW]Kjell Hausken - 2007 - Theory and Decision 62 (3):303-309.
Succeeding But Not Subversion: From Classical to Neoclassical and to Behavioral Economics.Jing-Tong He & Yi Na - 2007 - Nankai University (Philosophy and Social Sciences) 2:122-130.

Analytics

Added to PP
2015-11-25

Downloads
46 (#336,891)

6 months
6 (#522,885)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Roberto Fumagalli
King's College London

Citations of this work

On the Individuation of Choice Options.Roberto Fumagalli - 2020 - Philosophy of the Social Sciences 50 (4):338-365.
Can Economics can be a separate Science?Lukas Beck - 2017 - Rerum Causae 9 (2):17-36.

Add more citations

References found in this work

Two Dogmas of Empiricism.W. Quine - 1951 - [Longmans, Green].
The Foundations of Statistics.Leonard J. Savage - 1954 - Wiley Publications in Statistics.
Theory of Games and Economic Behavior.John Von Neumann & Oskar Morgenstern - 1944 - Princeton, NJ, USA: Princeton University Press.

View all 55 references / Add more references