Introduction. Neuroeconomics: the promise and the profit
Author(s) -
Wolfram Schultz
Publication year - 2008
Publication title -
philosophical transactions of the royal society b biological sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.753
H-Index - 272
eISSN - 1471-2970
pISSN - 0962-8436
DOI - 10.1098/rstb.2008.0153
Subject(s) - neuroeconomics , harm , explanatory power , psychology , profit (economics) , economics , neuroscience , microeconomics , social psychology , epistemology , philosophy
Neuroeconomics investigates the neural mechanisms underlying decisions about rewarding or punishing outcomes ('economic' decisions). It combines the knowledge about the behavioural phenomena of economic decisions with the mechanistic explanatory power of neuroscience. Thus, it is about the neurobiological foundations of economic decision making. It is hoped that by 'opening the box' we can understand how decisions about gains and losses are directed by the brain of the individual decision maker. Perhaps we can even learn why some decisions are apparently paradoxical or pathological. The knowledge could be used to create situations that avoid suboptimal decisions and harm.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom