Hostname: page-component-cd9895bd7-p9bg8 Total loading time: 0 Render date: 2024-12-23T12:18:38.791Z Has data issue: false hasContentIssue false
  • English
  • Français

COMMENTS ON NEUROECONOMICS

Published online by Cambridge University Press:  01 November 2008

Ariel Rubinstein
Ariel Rubinstein*
Affiliation:
The University of Tel Aviv Cafes and Department of Economics, New York University
Get access Rights & Permissions [Opens in a new window]

Abstract

Neuroeconomics is examined critically using data on the response times of subjects who were asked to express their preferences in the context of the Allais Paradox. Different patterns of choice are found among the fast and slow responders. This suggests that we try to identify types of economic agents by the time they take to make their choices. Nevertheless, it is argued that it is far from clear if and how neuroeconomics will change economics.

Type
Essay
Information
Economics & Philosophy , Volume 24 , Issue 3: Neuroeconomics , November 2008 , pp. 485 - 494
Copyright
Copyright © Cambridge University Press 2008

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Harrison, G. W. 2008. Neuroeconomics: a critical reconsideration. Economics and Philosophy 24.Google Scholar
Kahneman, D. and Tversky, A.. 1979. “Prospect theory: an analysis of decision under risk”. Econometrica 47: 263–92.CrossRefGoogle Scholar
McCabe, K. A. 2008 “Neuroeconomics and the economic sciences. Economics and Philosophy 24.CrossRefGoogle Scholar
Rubinstein, A. 1988. Similarity and decision-making under risk. Journal of Economic Theory 46: 145–53.CrossRefGoogle Scholar
Rubinstein, A. 1998. Models of bounded rationality. Cambridge, MA: MIT Press.CrossRefGoogle Scholar
Rubinstein, A. 2006. Comments on Behavioral Economics. In Advances in economic theory (2005 World Congress of the Econometric Society), ed. Blundell, R., Newey, W. K. and Persson, T. Vol. II, 246–54. Cambridge University Press.Google Scholar
Rubinstein, A. 2007. Instinctive and cognitive reasoning: response times study. Economic Journal 117: 1243–59.CrossRefGoogle Scholar
Salant, Y. and Rubinstein, A. 2008. (A,f), Choice with Frames. Review of Economic Studies, forthcoming.CrossRefGoogle Scholar