Sunday, 22 March 2015

Neuroeconomics



“Neuroeconomics”

I read an article about neuroeconomics. Because there are many previous papers, I cannot follow all the information in this rapidly progressing area. The hot topic of studies is about the neural underpinnings of human's irrational economic behaviors. I heard that since Lehman shock was at 2008, the government has supported those studies more intensively. Among human's behaviors, economic ones are more suitable to be analyzed in terms of mathematics. Moreover, although neuroimaging is done under a laboratory setting, the model can be linked with economic behaviors in a real world. It is promising to study further in this area, but there remain a lot of things that we cannot elucidate in economics.

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