Beyond Neoclassics: Behavioral Neuroeconomics

Paul W. Glimcher

in Foundations of Neuroeconomic Analysis

Published in print November 2010 | ISBN: 9780199744251
Published online January 2011 | e-ISBN: 9780199863433 | DOI:
Beyond Neoclassics: Behavioral Neuroeconomics

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This chapter argues that the tools of behavioral economics— the intellectual school in the economic community that stands in opposition to the neoclassical program—will have to fill the gaps that neoclassical theory cannot, and should not, attempt to fill. It addresses questions such as: What are some examples of phenomena that lie outside the reach of the neoclassical approach, and what do these kinds of neuroeconomic theories look like? What do we know, neurobiologically, about the algorithms that give rise to phenomena that require behavioral economic explanations?

Keywords: neoclassical theory; neuroeconomics; behavioral economics; phenomena; behavioral economic explanations

Chapter.  6676 words.  Illustrated.

Subjects: Neuropsychology

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