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Disentangling motivational and experiential aspects of "Utility" : a neuroeconomics perspective
Witt, Ulrich; Binder, Martin - 2011
-dimensional decision outcomes, economic theory assumes a uni-dimensional utility measure. This paper reviews evidence from behavioral and … makers' difficulties can be explained once the motivational aspects of utility ("wanting") are disentangled from the … experiential ones ("liking") and the features of the different psychological processes involved are recognized. -- utility …
Persistent link: https://www.econbiz.de/10009409675
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Neuroeconomics, naturalism and language
Herrmann-Pillath, Carsten (contributor) - 2008
Neuroeconomics stays in the center of the ongoing naturalistic turn in economics. It portrays the individual as a complex system of decision making mechanisms and modules. This results into a conceptual tension with the standard economic notion of the unity of the actor that is a systemic...
Persistent link: https://www.econbiz.de/10003785973
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Hayek 2.0 :Grundlinien einer naturalistischen Theorie wirtschaftlicher Ordnungen
Herrmann-Pillath, Carsten - 2011
Combining different new approaches to human behavior in neuroeconomics, the cognitive sciences and institutional economics, this paper sketches the fundamentals of a naturalistic theory of economic order. In this endeavour, the argument follows the track laid down by Hayek's comprehensive...
Persistent link: https://www.econbiz.de/10009382379
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Neuroeconomics, Naturalism, and Language
Herrmann-Pillath, Carsten - 2008
Neuroeconomics stays in the center of the ongoing naturalistic turn in economics. It portrays the individual as a complex system of decision making mechanisms and modules. This results into a conceptual tension with the standard economic notion of the unity of the actor that is a systemic...
Persistent link: https://www.econbiz.de/10012726036
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Die (innere) Logik des Entscheidens : zur neurobiologischen Fundierung ökonomischer Entscheidungen
Lehmann-Waffenschmidt, B. Cornelia (contributor);  … - 2008
Beitrag dazu leisten, Modelle zielgerichteter als bisher zur Lösung ökonomischer Probleme einzusetzen. -- Neuroeeconomics …
Persistent link: https://www.econbiz.de/10003796475
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Naturalizing institutions : evolutionary principles and application on the case of money
Herrmann-Pillath, Carsten - 2011
In recent extensions of the Darwinian paradigm into economics, the replicator-interactor duality looms large. I propose a strictly naturalistic approach to this duality in the context of the theory of institutions, which means that its use is seen as being always and necessarily dependent on...
Persistent link: https://www.econbiz.de/10009382374
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Multiple selves in intertemporal choice
Jamison, Julian; Wegener, Jon - 2009
We propose that individuals consider future versions of themselves to truly be separate persons, not simply as a convenient modeling device but in terms of actual brain systems and decision]making processes. Intertemporal choices are thus quite literally strategic interactions between multiple...
Persistent link: https://www.econbiz.de/10003914091
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Brain Information Optimization and Ethical Behavior
Chauvet, Emmanuel - 2018
Neural networks are tackled through probabilities for neurons to be activated by other neurons. They are represented by doubly stochastic matrices, named brain matrices, the polytope of which is the convex hull of the permutation matrices which are vertices of this Birkhoff polytope. Each...
Persistent link: https://www.econbiz.de/10012922433
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Dynamics of Behavior Determined by the System the Interaction Between the System and the Behavior : A Comprehensive analysis of the theory Neuroeconomic and Psychiatry
Santos Silva, Silas - 2016
Objective: This study is based on the relationship between Neuroeconomics and Psychiatry, The combination of the two models can facilitate a general understanding in human consumption relations. This work aims to bring reflections on certain aspects of the behavior of ordinary consumers and the...
Persistent link: https://www.econbiz.de/10013003362
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Theoretical Frameworks for Neuroeconomics of Intertemporal Choice
Takahashi, Taiki - 2011
Intertemporal choice has drawn attention in behavioral economics, econophysics, and neuroeconomics. Recent studies in mainstream economics have mainly focused on inconsistency in intertemporal choice (dynamic inconsistency); while impulsivity/impatience in intertemporal choice has been...
Persistent link: https://www.econbiz.de/10014180407