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Although it is laudable that evolutionary economists have a greater concern for ontological issues than many of their brethren, considerations concerning ontology cannot play a decisive role in adjudicating theoretical disputes. Attempts to formulate an appropriate ontology for evolutionary...
Persistent link: https://www.econbiz.de/10005496126
Advocates of neuroeconomics sometimes argue that one of the most surprising findings in neuroeconomic studies is that expected utilities are literally computed in the brain. This claim is scrutinized closely in the paper. Not surprisingly, the tenability of the claim is shown to depend...
Persistent link: https://www.econbiz.de/10008503082
The serious side of the Economics Made Fun genre stems from its mantra that people respond to incentives. As Levitt and Dubner put it, economists typically believe they can solve virtually all problems by designing a proper incentive scheme. What is not always sufficiently appreciated is that...
Persistent link: https://www.econbiz.de/10010623646
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...
Persistent link: https://www.econbiz.de/10008691580
Persistent link: https://www.econbiz.de/10008691586