Neuroeconomics
Neuroeconomics is an interdisciplinary field that seeks to explain human decision making, the ability to process multiple alternatives and to follow a course of action. It combines research from neuroscience, experimental and behavioral economics, and cognitive and social psychology. As research into decision-making behavior continues to progress, neuroeconomics presents a comprehensive view of human decision making.
Pronunciation
- Neuroeconomics /ˌnʊəroʊ.iː.kəˈnɒm.ɪks/
Etymology
The term "Neuroeconomics" is derived from the fields that contribute to its research - neuroscience and economics.
Related Terms
- Neuroscience: The scientific study of the nervous system.
- Economics: The social science that studies the production, distribution, and consumption of goods and services.
- Cognitive Psychology: The study of mental processes such as "attention, language use, memory, perception, problem solving, creativity, and thinking."
- Social Psychology: The study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.
- Decision Making: The cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.
See Also
External links
- Medical encyclopedia article on Neuroeconomics
- Wikipedia's article - Neuroeconomics
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