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THE SYLLOGISM OF NEURO-ECONOMICS

THE SYLLOGISM OF NEURO-ECONOMICS If neuroscience is to contribute to economics, it will do so by the way of psychology. Neural data can and do lead to better psychological theories, and psychological insights can and do lead to better economic models. Hence, neuroscience can in principle contribute to economics. Whether it actually will do so is an empirical question and the jury is still out. Economics currently faces theoretical and empirical challenges analogous to those faced by physics at the turn of the twentieth century and ultimately addressed by quantum theory. If “quantum economics” will emerge in the coming decades, it may well be founded on such concepts as cognitive processes and brain activity. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics & Philosophy Cambridge University Press

THE SYLLOGISM OF NEURO-ECONOMICS

Economics & Philosophy , Volume 24 (3): 9 – Nov 1, 2008

THE SYLLOGISM OF NEURO-ECONOMICS

Economics & Philosophy , Volume 24 (3): 9 – Nov 1, 2008

Abstract

If neuroscience is to contribute to economics, it will do so by the way of psychology. Neural data can and do lead to better psychological theories, and psychological insights can and do lead to better economic models. Hence, neuroscience can in principle contribute to economics. Whether it actually will do so is an empirical question and the jury is still out. Economics currently faces theoretical and empirical challenges analogous to those faced by physics at the turn of the twentieth century and ultimately addressed by quantum theory. If “quantum economics” will emerge in the coming decades, it may well be founded on such concepts as cognitive processes and brain activity.

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References (35)

Publisher
Cambridge University Press
Copyright
Copyright © Cambridge University Press 2008
ISSN
1474-0028
eISSN
0266-2671
DOI
10.1017/S0266267108002071
Publisher site
See Article on Publisher Site

Abstract

If neuroscience is to contribute to economics, it will do so by the way of psychology. Neural data can and do lead to better psychological theories, and psychological insights can and do lead to better economic models. Hence, neuroscience can in principle contribute to economics. Whether it actually will do so is an empirical question and the jury is still out. Economics currently faces theoretical and empirical challenges analogous to those faced by physics at the turn of the twentieth century and ultimately addressed by quantum theory. If “quantum economics” will emerge in the coming decades, it may well be founded on such concepts as cognitive processes and brain activity.

Journal

Economics & PhilosophyCambridge University Press

Published: Nov 1, 2008

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