IDEAS home Printed from https://ideas.repec.org/a/taf/jecmet/v17y2010i2p133-146.html
   My bibliography  Save this article

Inductive modeling using causal studies in neuroeconomics: brains on drugs

Author

Listed:
  • Moana Vercoe
  • Paul Zak

Abstract

This paper introduces a new approach to economic analysis. We show how to move from deductive to inductive modeling and thereby reunite economics with approaches used in the natural sciences. This paper presents the empathy-generosity-punishment model as an example of research based on observation, experimentation, and the elimination of alternatives. Inductive modeling in neuroeconomics allows the identification of the physiologic mechanisms that produce behavior. Unlike most neuroeconomics studies, we show how to establish causation by using drugs to manipulate brain activity. This approach is demonstrated using three experiments that circumscribe the brain processes behind prosocial behavior.

Suggested Citation

  • Moana Vercoe & Paul Zak, 2010. "Inductive modeling using causal studies in neuroeconomics: brains on drugs," Journal of Economic Methodology, Taylor & Francis Journals, vol. 17(2), pages 133-146.
  • Handle: RePEc:taf:jecmet:v:17:y:2010:i:2:p:133-146
    DOI: 10.1080/13501781003756675
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/13501781003756675
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/13501781003756675?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniel Serra, 2019. "La neuroéconomie en question : débats et controverses," Working Papers halshs-02160911, HAL.
    2. Zak, Paul J., 2011. "The physiology of moral sentiments," Journal of Economic Behavior & Organization, Elsevier, vol. 77(1), pages 53-65, January.
    3. Zak, Paul J., 2011. "Moral markets," Journal of Economic Behavior & Organization, Elsevier, vol. 77(2), pages 212-233, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jecmet:v:17:y:2010:i:2:p:133-146. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.