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Neuroeconomics

    Authors

    • Ali Asghar Hadaviniya 1
    • Mahmood Mutavasseli 2

    1 Assistant professor, Economics Department, Academy of Islamic Culture and Thought

    2 Professor at University of Tehran Economic Department

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Abstract

The interactive relations between economics and other sciences have usually ended
up in the creation of new branches of this science. For instance, the interactions
between economics and mathematics and statistics in the early 20th century resulted
in the creation of mathematical economics and econometrics. Now, as a result of the
interaction between economics and neuroscience (branch of psychology), the ground
for the coming into being of yet another branch of economics has been paved. This
is neuroeconomics. This paper seeks to develop the internal literature within
economic sciences through introducing this new economic branch so that it may
help better explain future economic difficulties and consequently make more
appropriate policy prescriptions available for the human society.
On the other hand, neuroeconomics can also have influence on the kind of
understanding about religion and economics. This science claims to be endeavoring
for basic changes in classical economics-related perception about choice and
rationality, so it can be considered as something endorsing which religion has
propounded. Neuroeconomics' emphasis on the status of beliefs in micro foundation
of an individual's decision-making, can be a good confirmation.

Keywords

  • neuroeconomics
  • behavior economics
  • rationality
  • economic decision
  • agency
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Journal of Economic Essays: an Islamic Approach
Volume 6, Issue 12 - Serial Number 12
September 2009
Pages 175-195
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  • Article View: 2,852
  • PDF Download: 1,619

APA

Hadaviniya, A. A., & Mutavasseli, M. (2014). Neuroeconomics. Journal of Economic Essays: an Islamic Approach, 6(12), 175-195.

MLA

Ali Asghar Hadaviniya; Mahmood Mutavasseli. "Neuroeconomics". Journal of Economic Essays: an Islamic Approach, 6, 12, 2014, 175-195.

HARVARD

Hadaviniya, A. A., Mutavasseli, M. (2014). 'Neuroeconomics', Journal of Economic Essays: an Islamic Approach, 6(12), pp. 175-195.

VANCOUVER

Hadaviniya, A. A., Mutavasseli, M. Neuroeconomics. Journal of Economic Essays: an Islamic Approach, 2014; 6(12): 175-195.

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