Journal of Economic Methodology 17 (2):171-183 (2010)

Jack Vromen
Erasmus University Rotterdam
Contrary to what is claimed by Gul and Pesendorfer (2008), in this paper I argue that neuroscience and economics can meet in ways that speak to the interests of economists. As Bernheim (2009) argues, economists seem to be primarily interested in novel models that link ?traditional? environmental variables (such as prices and taxes) to choice behavior in a more accurate way than existing models. Neuroscience might be helpful here, since especially computational neuroscience is also in the business of mapping environmental variables on to behavior. Given that experimental findings seem to show that choice behavior displays great context-sensitivity, I discuss two tentative ways in which neuroscience might be helpful. Neuroscience might be able to identify a multitude of environmental variables and the choice algorithms in the brain that they activate. Going this way might lead to novel models that differ markedly from standard economic models. Alternatively, neuroscience might be able to provide more theoretical guidance as to how individuals model the situations they are in. In principle, this route might leave standard economic models largely intact while improving their predictive record.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1080/13501781003756691
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 62,448
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

Engineering Human Cooperation.Terence C. Burnham & Brian Hare - 2007 - Human Nature 18 (2):88-108.

View all 6 references / Add more references

Citations of this work BETA

Five Theses on Neuroeconomics.Roberto Fumagalli - 2016 - Journal of Economic Methodology 23 (1):77-96.
For a Few Neurons More: Tractability and Neurally Informed Economic Modelling.Matteo Colombo - 2015 - British Journal for the Philosophy of Science 66 (4):713-736.

View all 6 citations / Add more citations

Similar books and articles

Methodological Problems of Neuroscience.Nicholas Maxwell - 1985 - In David Rose & Vernon Dobson (eds.), Models of the Visual Cortex. New York: Wiley.
Extending, Changing, and Explaining the Brain.Mazviita Chirimuuta - 2013 - Biology and Philosophy 28 (4):613-638.
Bayes in the Brain—On Bayesian Modelling in Neuroscience.Matteo Colombo & Peggy Seriès - 2012 - British Journal for the Philosophy of Science 63 (3):697-723.
Neuroscience, Choice, and the Free Will Debate.Jason Shepard & Shane Reuter - 2012 - American Journal of Bioethics - Neuroscience 3 (3):7-11.
The Philosophy and Neuroscience Movement.Pete Mandik & Andrew Brook - 2007 - Analyze and Kritik 26 (1):3-23.


Added to PP index

Total views
26 ( #418,343 of 2,446,201 )

Recent downloads (6 months)
2 ( #310,555 of 2,446,201 )

How can I increase my downloads?


My notes