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It's about Space, It's about Time, Neuroeconomics and the Brain Sublime

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  • Marieke van Rooij
  • Guy Van Orden

Abstract

Neuroeconomics has investigated which regions of the brain are associated with the factors contributing to economic decision making, emphasizing the position in space of brain areas associated with the factors of decision making—cognitive or emotive, rational or irrational. An alternative view of the brain has given priority to time over space, investigating the temporal patterns of brain dynamics to determine the nature of the brain's intrinsic dynamics, how its various activities change over time. These two ways of approaching the brain are contrasted in this essay to gauge the contemporary status of neuroeconomics.

Suggested Citation

  • Marieke van Rooij & Guy Van Orden, 2011. "It's about Space, It's about Time, Neuroeconomics and the Brain Sublime," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 31-56, Fall.
    • Handle: RePEc:aea:jecper:v:25:y:2011:i:4:p:31-56
    Note: DOI: 10.1257/jep.25.4.31
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    References listed on IDEAS

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    1. Joydeep Bhattacharya, 2009. "Increase of Universality in Human Brain during Mental Imagery from Visual Perception," PLOS ONE, Public Library of Science, vol. 4(1), pages 1-11, January.
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    Cited by:

    1. Daniel Serra, 2019. "La neuroéconomie en question : débats et controverses," Working Papers halshs-02160911, HAL.
    2. Marco Stimolo, 2012. "Multiple-self models in neuroeconomics. A methodological critique," ICER Working Papers 07-2012, ICER - International Centre for Economic Research.

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    More about this item

    JEL classification:

    • D87 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Neuroeconomics

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