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Explanatory relevance across disciplinary boundaries: the case of neuroeconomics

Author

Listed:
  • Jaakko Kuorikoski
  • Petri Ylikoski

Abstract

Many of the arguments for neuroeconomics rely on mistaken assumptions about criteria of explanatory relevance across disciplinary boundaries and fail to distinguish between evidential and explanatory relevance. Building on recent philosophical work on mechanistic research programmes and the contrastive counterfactual theory of explanation, we argue that explaining an explanatory presupposition or providing a lower-level explanation does not necessarily constitute explanatory improvement. Neuroscientific findings have explanatory relevance only when they inform a causal and explanatory account of the psychology of human decision-making.

Suggested Citation

  • Jaakko Kuorikoski & Petri Ylikoski, 2010. "Explanatory relevance across disciplinary boundaries: the case of neuroeconomics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 17(2), pages 219-228.
    • Handle: RePEc:taf:jecmet:v:17:y:2010:i:2:p:219-228
    DOI: 10.1080/13501781003756576
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    Cited by:

    1. N. Emrah Aydinonat, 2010. "Neuroeconomics: more than inspiration, less than revolution," Journal of Economic Methodology, Taylor & Francis Journals, vol. 17(2), pages 159-169.
    2. Alexandre Truc, 2022. "Neuroeconomics Hype or Hope? An Answer," GREDEG Working Papers 2022-26, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Kavous Ardalan, 2018. "Behavioral attitudes toward current economic events: a lesson from neuroeconomics," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 53(4), pages 202-208, October.
    4. Ardalan, Kavous, 2018. "Neurofinance versus the efficient markets hypothesis," Global Finance Journal, Elsevier, vol. 35(C), pages 170-176.

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