Neuroeconomics beyond the brain: some externalist notions of choice

Petracca, Enrico

doi:10.1080/1350178x.2020.1789690

Cited by 4 publications

(5 citation statements)

References 104 publications

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“…As shown, non-ecological assumptions render the G-model structurally unfit to explain the entire range of value-based decisions that agents make in real life. But delving into neuroscientific details has also revealed to be useful in other respects, for we have had the chance to identify alternative neural models, such as DCM, conducive to extending the scope of neuroeconomic choice (Petracca 2020).…”

Section: Discussionmentioning

confidence: 99%

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The utility of goods or actions? A neurophilosophical assessment of a recent neuroeconomic controversy

Petracca

2022

Economics and Philosophy

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The paper provides a neurophilosophical assessment of a controversy between two neuroeconomic models that compete to identify the putative object of neural utility: goods or actions. We raise two objections to the common view that sees the ‘good-based’ model prevailing over the ‘action-based’ model. First, we suggest extending neuroeconomic model discrimination to all of the models’ neurophilosophical assumptions, showing that action-based assumptions are necessary to explain real-world value-based decisions. Second, we show that the good-based model’s presumption of introducing a normative neural definition of economic choice would arbitrarily restrict the domain of economic choice and consequently of economics.

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Section: Discussionmentioning

confidence: 99%

“…12 This is an assumption shared by all parties in the controversy we are examining, so we do not discuss it here. However, it itself can be questioned in neuroeconomics (see Petracca 2020).…”

Section: Defining Economic Choice Through the G-modelmentioning

confidence: 99%

The utility of goods or actions? A neurophilosophical assessment of a recent neuroeconomic controversy

Petracca

2022

Economics and Philosophy

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“…H2 -The mental condition of the decision maker influences decision-making in global business (Petracca (2020) challenges the brainfocused research methodology exploring the externalist consideration of neuroscience and the mind and considering extended and embodied cognitions as suitable for researching neuroeconomics).…”

Section: Hypothesesmentioning

confidence: 99%

Neuro-economics and Strategic Decisions: The Impact on Financial Sustainability of Multinational Enterprises

Asuquo - Utuk

2023

RCP

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More than ever, engaging a multidisciplinary approach in decision-making displays an arsenal ofcapacity necessary for success across managerial concerns in all sectors of the economy. Psychology andeconomics capturing human behaviors form part of this interdisciplinary research that spans the years thoughmany are far from this reality. The paper shows the impact of neuro-economics on strategic financialdecisions in multinational enterprises deploying theories of decisions, utility, and expectations across MNCsin the media industry in Nigeria while addressing the effects of emotions affecting advertising outcomes andbranding, and financial decisions building the theoretical framework from resources from Google Scholar andScopus search engines. Utilizing five MNCs as a sample in a population of 15 registered media firms inNigeria, the study uses grounded theory methodology and focus group discussions to uncover the reality ofemotional influence on strategic decisions and multiple regression analysis to test for the statisticalsignificance of independent variables on the dependent variable. The output shows that neuro-economicscontributes significantly to all economic decision-making in all sectors, including the media industry.Although research generalization is challenging due to economic variations in different markets, the reportposts resourceful information for policy-making decisions, productivity, and wealth creation.

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“…Or la neuroéconomie, dans le prolongement des neurosciences, se focalise sur les substrats neuronaux impliqués dans le traitement des expériences monétaires, et délaisse ainsi d’autres dimensions de ce phénomène. En accord avec d’autres travaux (Petracca, 2020a), le refus du neurocentrisme et l’adoption d’une approche incarnée de la cognition apparaissent nécessaires pour aborder la monnaie. Le seul exemple du rôle joué par le système entéro-nerveux dans des processus cognitifs comme les prises de décision (Rao et Gershon, 2016; Sherwin et al, 2019) suffit à montrer la nécessité d’élargir le champ d’étude et de ne pas se limiter au cerveau.…”

Section: Une Conception Non Cérébrocentrée De L’institution Monétaireunclassified

Les bases incarnées de l’institution monétaire

Bouguereau

Bourgeois‐Gironde

2022

Social Science Information

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Money is a fundamental and ubiquitous institution in modern economies. It has the distinctive characteristic of being at the same time a complex social phenomenon and a very easily manipulated object in everyday life. By bringing together works carried out both in cognitive sciences and in philosophy of mind, and while continuing certain classical authors’ ideas, this article proposes to conceive money as a cognitive institution whose study would anchor in the paradigm of embodied cognition and extended cognition. Including the study of this artefact into embodied cognition and extended cognition would imply a refusal of any cerebrocentrism, and more broadly, to approach its multiple facets such as its affective dimension in relation to the embodiment of value. Moreover, presenting money as a cognitive institution would mean not only that it would be an extension of certain cognitive processes but also a condition of possibility for others. The cognitive processes in question relate to the objectivation of value in a market society, in order to orient the desire of agents and to the structuring of certain inter-individual actions.

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Neuroeconomics beyond the brain: some externalist notions of choice

Cited by 4 publications

References 104 publications

The utility of goods or actions? A neurophilosophical assessment of a recent neuroeconomic controversy

The utility of goods or actions? A neurophilosophical assessment of a recent neuroeconomic controversy

Neuro-economics and Strategic Decisions: The Impact on Financial Sustainability of Multinational Enterprises

Les bases incarnées de l’institution monétaire

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