Towards a theory of revealed economic behavior: The economic-neurosciences interface

Joost M.E. Pennings, Philip G. Garcia, Eligius H. Hendrix

Research output: Contribution to journalArticlepeer-review

Abstract

Based on recent findings from economics and the neurosciences, we present a conceptual decision-making model that provides insight into human decision-making and illustrates how behavioral outcomes are transformed into phenomena. The model may be viewed as a bridge between the seemingly disparate disciplines of neuroscience and economics that may facilitate more integrative research efforts and provide a framework for developing research agendas for scientists interested in human behavior and economic phenomena.

Original languageEnglish (US)
Pages (from-to)113-127
Number of pages15
JournalJournal of Bioeconomics
Volume7
Issue number2
DOIs
StatePublished - Jan 2005

Keywords

  • Decision-making model
  • Economics
  • Neurosciences
  • Predicting behavior
  • Revealed behavior
  • Synthesis
  • Understanding behavior

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Economics and Econometrics

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