Foundations of Neuroeconomic Analysis

Hardcover | November 27, 2010

byPaul W. Glimcher

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A new academic field, neuroeconomics, has emerged at the border of the social and natural sciences. In Foundations of Neuroeconomic Analysis, Paul Glimcher argues that a meaningful interdisciplinary synthesis of the study of human and animal choice is not only desirable, but also wellunderway, and so it is time to formally develop a foundational approach for the field. He does so by laying the philosophical and empirical groundwork and integrating the theory of choice and valuation with the relevant physical constraints and mechanisms.While there has been an intense debate about the value and prospects of neuroeconomics, Glimcher argues that existing data from neuroeconomics' three parent fields, neuroscience, psychology and economics, already specify the basic features of the primate choice mechanism at all three levels ofanalysis. His central argument is that combining these three disciplines gives us enough insight to define many of the fundamental features of decision making that have previously eluded scholars working within each individual field.With this in mind, Glimcher provides a comprehensive overview of the neuroscience, psychology, and economics of choice behavior, which will help readers from many disciplines to grasp the rich interconnections between these fields and see how their data and theory can interact to produce newinsights and constraints.

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A new academic field, neuroeconomics, has emerged at the border of the social and natural sciences. In Foundations of Neuroeconomic Analysis, Paul Glimcher argues that a meaningful interdisciplinary synthesis of the study of human and animal choice is not only desirable, but also wellunderway, and so it is time to formally develop a fo...

Paul Glimcher is Professor of Neural Science, Economics and Psychology at New York University. He is the director of the Center for Neuroeconomics there, the author of Decisions, Uncertainty and the Brain (2003) and the chief editor of Neuroeconomics, Decision Making and the Brain (2009).

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Decisions, Uncertainty, and the Brain: The Science of Neuroeconomics
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Neuroeconomics: Decision Making and the Brain
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Format:HardcoverDimensions:496 pages, 9.25 × 6.12 × 0.98 inPublished:November 27, 2010Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199744254

ISBN - 13:9780199744251

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Table of Contents

Introduction: Wherefore Neuroeconomics?Section 1: The Challenge of Neuroeconomics1. Standing at the ThresholdSection 2: Philosophical Constraints on Neuroeconomic Analyses2. Epistemological Constraints on Consilience3. Economic Kinds: Understanding the Abstractions and Esthetics of Economic Thought4. Using Psychology to See the Brain in Economics5. Behavioral Economics: Exceeding the Limits of Traditional Neoclassical Models6. Because, Not As IfSection 3: The Choice Mechanism7. Neurobiological Kinds: Understanding the Abstractions of Neurobiological Thought8. Hard-EU and the Rudiments of a Standard Model9. Stochasticity and the Separation of Utility from Choice10. The Implications of Neuronal Stochasticity and Cortical Representation for Behavioral Models of Choice11. Putting the Choice Mechanism Together, A SummarySection 4: Valuation12. The Problem of Value13. The Basics of Dopamine: How We Learn and Store Value14. Locating and Constructing Subjective Value in the Front of the Brain15. Beyond Neoclassics: Behavioral NeuroeconomicsSection 5: Summary and Conclusion16. Foundations of Neuroeconomic Models17. ConclusionsIndex

Editorial Reviews

"Paul Glimcher is a pioneering neuroscientist, and an intrepid interdisciplinary researcher. In Foundations of Neuroeconomic Analysis he uses contemporary neuroscience, economics and psychology as reference points to describe the value of looking at all three fields together, and to lay outhis vision of how they can be integrated as neuroeconomics." --Al Roth, http://www.economics.harvard.edu/~aroth/alroth.html, http://marketdesigner.blogspot.com/