I took my first Neuroeconomics class. I have 9 weeks of this and I am impressed from my first session. The relatively new field combines Economics, Neuroscience, Psychology, and Biology. The first gets into the structuring of Economics and Neuroscience and why we should be studying these fields together. It uses the major assumptions each field has and creates a check/balance between them. Economics uses a major assumption that people behave reasonably and within their own best interest. Which is simply not true but for all practical purposes the field is limited to doing this until we apply the theories and develop off them. We simply cant predict behavior like that to do it any other way. Neuroscience has the major assumption that you can study the neuroactivity of a single brain and understand its decision making. The problem with this is people make decisions within a social setting and not within an isolated setting. Economics understands behavior within social settings and neuroscience understands irrational behaviors of individuals. Combining these into a single comprehensive behavioral module will allow us to understand economics on a whole new level. Possible solve major social and political issues and build a world for everyone to prosper and live love and be free!!
Posted on: Tue, 24 Jun 2014 02:17:37 +0000
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