This is a mini review on the recent developments in the intriguing field of neuroeconomics that falls within the overlap between a number of contributing disciplines in the social and natural science – economics, psychology, neuroscience and medical imaging being the major ones. We start by providing a brief background of neoclassical approaches to studying decision-‐making and work our way through the development of the field with increasing inputs from the behavioral sciences till the current point when the extra-‐economic inputs to the study of economic decision-‐making are no longer coming only from the cognitive psychologists but also from the computational neuroscientists and neuro-‐physiologists. We explore the methodological challenges and opportunities of this new, inter-‐disciplinary field of intellectual enquiry; and conclude by considering some of the major roadblocks that the field is faced with and finally positing some interesting future research directions.
|Title of host publication||Proceedings of the 41st Australian Conference of Economists|
|Subtitle of host publication||The future of economics, research, policy and relevance|
|Editors||J Doughney, T.V. Hoa|
|Place of Publication||Melbourne|
|Publisher||University of Victoria|
|Number of pages||17|
|Publication status||Published - 2012|
|Event||Australian Conference of Economists: The Future of Economics: Research, Policy and Relevance - Melbourne, Melbourne, Australia|
Duration: 8 Jul 2012 → 12 Jul 2012
Conference number: 41st
|Conference||Australian Conference of Economists|
|Period||8/07/12 → 12/07/12|
Alas, R. M., Kumar, K., Nabin, M. H., & Bhattacharya, S. (2012). Risk and reward – is it all in our heads? A short survey of neuroeconomics. In J. Doughney, & T. V. Hoa (Eds.), Proceedings of the 41st Australian Conference of Economists: The future of economics, research, policy and relevance Melbourne: University of Victoria.