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    This article has been cited by the following publications. This list is generated based on data provided by CrossRef.

    Witt, Ulrich and Binder, Martin 2013. Disentangling motivational and experiential aspects of “utility” – A neuroeconomics perspective. Journal of Economic Psychology, Vol. 36, p. 27.


    Birnberg, Jacob G. and Ganguly, Ananda Roop 2012. Is neuroaccounting waiting in the wings? An essay. Accounting, Organizations and Society, Vol. 37, Issue. 1, p. 1.


    Jamison, Julian and Wegener, Jon 2010. Multiple selves in intertemporal choice. Journal of Economic Psychology, Vol. 31, Issue. 5, p. 832.


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WELL-BEING AND NEUROECONOMICS

  • Julian C. Jamison (a1)
  • DOI: http://dx.doi.org/10.1017/S0266267108002046
  • Published online: 01 November 2008
Abstract

Neuroscience can contribute to economics by inspiring new models, helping to distinguish models that have similar implications for readily available data, and guiding interpretations of decision-making processes by policy-makers. However, there is an additional less straightforward role for it to play: augmenting, along with survey data and other non-revealed-preference sources, assessments of well-being. The need for such augmentation lies in the slightly bizarre stance taken by modern economic theory, namely that economics is concerned only with choices and not with welfare per se. It is shown that this is neither historical nor at all necessary, even within the standard paradigm. Although neuroscience is by no means a panacea for determining true utility, which ultimately remains a subjective concept, it provides a uniquely useful complementary dataset.

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Economics & Philosophy
  • ISSN: 0266-2671
  • EISSN: 1474-0028
  • URL: /core/journals/economics-and-philosophy
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