Sunday, October 26, 2008

Rani Spiegler on Neuroeconomics

Below is a short article by Rani Spiegler on neuroeconomics. Some interesting criticisms of neuroecon including the use of small samples, the over-interpretation of correlations of decisions with brain activity, heavy statistical assumptions needed for fmri and so on. he argues that neuroeconomics may perform an important metaphorical role in motivating developments in economic theory and makes some other points (but the article is below so I wont spoil the rest for you!)

"In this short note I speculate about the various ways in which the study of neurological aspects of decision making could be fruitful for economic modelling."

No comments: