Economics and Philosophy 24 (3):303-344 (2008)
Understanding more about how the brain functions should help us understand economic behaviour. But some would have us believe that it has done this already, and that insights from neuroscience have already provided insights in economics that we would not otherwise have. Much of this is just academic marketing hype, and to get down to substantive issues we need to identify that fluff for what it is. After we clear away the distractions, what is left? The answer is that a lot is left, but it is still all potential. That is not a bad thing, or a reason to stop the effort, but it does point to the need for a serious reconsideration of what neuroeconomics is and what passes for explanation in this literature. I argue that neuroeconomics can be a valuable field, but not the way it is being developed and now. The same is true more generally of behavioural economics, which shares many of the methodological flaws of neuroeconomics
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References found in this work BETA
Beyond Individual Choice: Teams and Frames in Game Theory.Michael Bacharach - 2006 - Princeton University Press.
Economic Theory and Cognitive Science: Microexplanation.Don Ross - 2007 - Bradford.
Functional Imaging of 'Theory of Mind'.H. L. Gallagher & C. D. Frith - 2003 - Trends in Cognitive Sciences 7 (2):77-83.
Psychology of Reasoning: Structure and Content.P. C. Wason & P. N. Johnson - 1974 - Philosophy and Rhetoric 7 (3):193-197.
Citations of this work BETA
No Revolution Necessary: Neural Mechanisms for Economics.Carl F. Craver & Anna Alexandrova - 2008 - Economics and Philosophy 24 (3):381-406.
On the Neural Enrichment of Economic Models: Tractability, Trade-Offs and Multiple Levels of Description.Roberto Fumagalli - 2011 - Biology and Philosophy 26 (5):617-635.
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