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Neuroeconomics

  • Mario GrazianoEmail author
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Part of the SpringerBriefs in Philosophy book series (BRIEFSPHILOSOPH)

Abstract

The rational choice theory (TRC), in its standard interpretation, is not presented as a causal theory, but as a formal-normative theory. Experimental economics, replacing the standard assumptions regarding the interpretation of the TRC’s more realistic assumptions - for example, a utility function that includes social preferences - has allowed us to improve the prediction. However, experimental economics has failed to overcome another theoretical difficulty that affects the TRC, the absence of a formal causal link to the entities hypothesized. In the end we are before the same problem Chomskyan linguistics faced. Chomsky, in fact, proposed a formal model of explanation of linguistic competency assuming a division into elements (e.g., verbal or nominal groups) and operations (the rules of formation and transformation of sentences).

Keywords

Rational Choice Theory Pesendorfer Mirror Neurons Ultimatum Game Colin Camerer 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Authors and Affiliations

  1. 1.Department of Cognitive SciencesUniversity of MessinaMessinaItaly

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