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Journal of Economic Perspectives: Vol. 25 No. 4 (Fall 2011)

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

Article Citation

van Rooij, Marieke, and Guy Van Orden. 2011. "It's about Space, It's about Time, Neuroeconomics and the Brain Sublime." Journal of Economic Perspectives, 25(4): 31-56.

DOI: 10.1257/jep.25.4.31

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.

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Authors

van Rooij, Marieke (CAP Center for Cognition, Action and Perception, U Cincinnati)
Van Orden, Guy (CAP Center for Cognition, Action and Perception, U Cincinnati)

JEL Classifications

D87: Neuroeconomics

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