Neuroeconomics: Why Economics Needs Brains

By Colin F. Camerer, George Loewenstein, Drazen Prelec. 2004

360 citations recorded by the source corpus.

Subfields: General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/3078469ae87e1502643fde6b89dea3f22c597445

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In General Decision Sciences

1. Claudia Townsend
2. Moren Lévesque
3. Jordan J. Louviere
4. Maria Minniti
5. Glenn W. Harrison
6. A. A. J. Marley
7. Nathaniel T. Wilcox
8. E Elisabet Rutström

In Safety Research

1. Moren Lévesque
2. Jordan J. Louviere
3. Maria Minniti
4. Glenn W. Harrison
5. Nathaniel T. Wilcox
6. E Elisabet Rutström
7. Arnaud Reynaud

Citations in the corpus

• Recent developments in the economics of entrepreneurship (2008, background): “Neuroeconomics extends the approach of behavioral economics by adding the observation of the nervous system to the set of explanatory variables used, for example, in a controlled economic experiment (Camerer et al., 2004).”
• Consumer neuroscience: Assessing the brain response to marketing stimuli using electroencephalogram (EEG) and eye tracking (2013, methodology): “Contents lists available at SciVerse ScienceDirect Expert Systems with Applications journal homepage: www.elsevier .com/locate /eswa Consumer neuroscience: Assessing the brain response to marketing stimuli using electroencephalogram (EEG) and eye tracking Rami N. Khushaba a,⇑, Chelsea Wise b, Sarath”
• Coherent Arbitrariness: On Value Uncertainty for Environmental Goods (2009, neutral): “…be to examine value uncertainty from the perspective of neuroeconomics, in terms of what determines the size of the gap in a given context, and what learning process can lead to a narrowing of uncertainty of values for public, environmental goods (see e.g., Camerer, Loewenstein, and Prelec 2004).”
• Living Together: Mind and Machine Intelligence (2017, background): “Camerer et al suggest that the human brain is just a monkey brain (System 1) with a press secretary (System 2) ) [12], an analogy that captures nicely System 2’s role in post-facto rationalization.”
• Trusting the stock market (2008, neutral): “The investor will diversify into the second stock if the LHS of (4) exceeds the cost of buying the second stock (assuming that he has already invested in the first, so that (1) is positive).”
• NEUROECONOMICS: A CRITICAL RECONSIDERATION (2008, background): “In section 3 I consider some of the debates over the validity of data from 1 Excellent, uncritical overviews of the methods and jargon of neuroeconomics are provided by Camerer et al. (2004, 2005).”
• Feedback and the Success of Irrational Investors (2003, neutral): “There is compelling evidence that humans have limited access to the unconscious cognitive processing that feeds into judgment and decision-making (see, e.g., the review of Camerer, Loewenstein, and Prelec (2004)).”