312 pages | 17 B/W Illus.
Neuroeconomics has emerged as a paradigmatic field where neuroscience and the social sciences are integrated in one analytical and empirical approach. However, the different disciplines involved often only relate to each other via the shared object of research, and less through the constructing of precise models of integrative mechanisms.
Social Neuroeconomics explores the potential of philosophical and methodological reflections in the neurosciences and the social sciences to inform those efforts at cross-disciplinary integration, with a special focus on recent contributions to mechanistic explanations. The collected essays are drawn from the fields of neuroscience, psychology, economics, sociology and philosophy, and examine the ways and methods of constructing unified conceptual frameworks that can guide empirical work and hypothesis building. This is demonstrated in a range of applications, particularly regarding finance and consumer behavior. The concept of the ‘social brain’ is also explored; a multi-level framework in which complex analytical categories such as emotions or socially mediated cognitive processes connect neuronal and social phenomena in specific mechanisms that generate behavior.
This book addresses a wide audience across the various disciplines, reaching from the neurosciences to the social sciences and philosophy.
"The book presents an outstanding collection of articles on the philosophical foundations of neuroeconomics and social neuroscience. It is a must-read for philosophers interested in economics and neuroeconomics. However, it is also highly recommended to decision neuroscientists wanting to ground their empirical research in philosophical concepts." - Camillo Padoa-Schioppa, Washington University in St. Louis, USA.
Chapter 1: Introduction
Jens Harbecke and Carsten Herrmann-Pillath
Part 1 - Mechanistic frames for cross-disciplinary integration in social neuroeconomics
Chapter 2: Neuroeconomics as a case of mechanistic integration
Caterina Marchionni and Jack Vromen
Chapter 3: Integrating with Mechanisms: Neuroscience and Social Science
Chapter 4: Mechanistic Integration of Social Sciences and Neurosciences: Context and Causality in Social Neuroeconomics
Part 2: Mechanistic methodology and methods in social neuroeconomics
Chapter 5: Neuroeconomics of Cooperation Heuristics: The Role of Incentives, Social Cues, and Hormones
Chapter 6: Constitutive Inference and Research Methods in Social Neuroeconomics
Part 3: The social neuroeconomics of individual behaviour in context
Chapter 7: Akrasia and addiction. Neurophilosophy and psychological mechanisms
Reinout W. Wiers, Simon van Gaal and Mike E. Le Pelley
Chapter 8: Social ecology of normative reasoning
Chapter 9: Economics, Social Neuroscience, and Mindshaping
Don Ross and Wynn Stirling
Part 4: Social neuroeconomics, institutions and interventions
Chapter 10: The Application of Descriptive Theories of Human Cognition and Decision Making in Policy Making and Regulation
Chapter 11: Neuroscience of autonomy and paternalistic policies
Jaakko Kuorikoski, Samuli Reijula and Susanne Uusitalo
Chapter 12: Social updating: An intuitionist approach to explaining decision-making under risk and uncertainty
Chapter 13: Scopic systems and decision-making in financial markets
Alex Preda and Roland Gemayel
Traditionally, economists have based their analysis of financial markets and corporate finance on the assumption that agents are fully rational, emotionless, self-interested maximizers of expected utility. However, behavioural economists are increasingly recognizing that financial decision makers may be subject to psychological biases, and the effects of emotions. Examples of this include the effects on investors’ and managers’ decision-making of such biases as excessive optimism, overconfidence, confirmation bias, and illusion of control. At a practical level, the current state of the financial markets suggests that trust between investors and managers is of paramount importance.
Routledge Advances in Behavioural Economics and Finance presents innovative and cutting edge research in this fast paced and rapidly growing area, and will be of great interest to academics, practitioners, and policy-makers alike.
All proposals for new books in the series can be sent to the series editor, Roger Frantz, at [email protected]