SavedAdd your journal

Journals / Sosyal ve Beşeri Bilimler Dergisi / 2022 / Cilt: 14 - Sayı: 2

NEUROECONOMICS, BOUNDED RATIONALITY and INSTITUTIONS

NÖROEKONOMİ, SINIRLI RASYONALİTE ve KURUMLAR

Yıldırım Beyazıt ÇİÇEN
Pages
180–196
Publication Date
2022-12-31
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In the conclusion part of the paper, the necessary institutions for reducing this limited rationality are discussed.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:As part of this study, we first explain the concept of limited rationality.
📊
Key Findings & Data:Then neuroeconomics and its methods are explained, which developed in the aftermath of the 1990s.
💡
Conclusion & Impact:In the conclusion part of the paper, the necessary institutions for reducing this limited rationality are discussed.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Nöroekonomi · Sınırlı Rasyonalite · Kurumlar

Abstract

As part of this study, we first explain the concept of limited rationality. Based on neoclassical economic assumptions, the individual is fully rational, but that is not true in practice. As part of this study, we first explain the concept of limited rationality. Then neuroeconomics and its methods are explained, which developed in the aftermath of the 1990s. This study also explores the formation of limited rationality in the real world based on the results obtained from the research in the field of neuroeconomics, along with the subjects of knowledge, risk and uncertainty, emotion, culture, and brand awareness, and intertemporal choice. In the conclusion part of the paper, the necessary institutions for reducing this limited rationality are discussed.

Özet

Neoklasik iktisat varsayımlarında birey tam rasyoneldir ancak gerçek dünyada böyle değildir. Bu çalışmada öncelikle sınırlı rasyonellik kavramı açıklanmaktadır. Ardından 1990’lardan sonra gelişen nöroekonomi ve bu disiplinin metotları izah edilmektedir. Çalışmanın devamında nöroekonomi alanında yapılan araştırmalardan elde edilen bulgularla gerçek dünyada sınırlı rasyonelliğin oluşumu bilgi, risk ve belirsizlik, duygu, kültür ve marka bilinci, zamanlar arası seçim ve yaşlanma konuları üzerinden açıklanmaktadır. Sonuç kısmında ortaya çıkan bu sınırlı rasyonalitenin azaltılması için gerekli kurumlardan bahsedilmektedir.

🔖

Cite This Article

ÇİÇEN, Y. B. (2022). NEUROECONOMICS, BOUNDED RATIONALITY and INSTITUTIONS. Sosyal ve Beşeri Bilimler Dergisi, Cilt: 14 - Sayı: 2, 180–196. https://ajindex.com/articles/876229

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (15)

  1. Ankarloo, D. (2002). New institutional economics and economic history. Capital & Class, 26(3), 9-36.
  2. Ardalan, K. (2018). Behavioral attitudes toward current economic events: a lesson from neuroeconomics. Business Economics, 53(4), 202-208.
  3. Aumann, R. (2008). Rule rationality vs. act rationality. The Hebrew University, Center for the Study of Rationality, 497. Aydinonat, N. E. (2010). Neuroeconomics: more than inspiration, less than revolution. Journal of Economic Methodology, 17(2), 159-169.
  4. Bechara, A., Damasio, H., & Damasio, A. R. (2000). Emotion, decision making and the orbitofrontal cortex. Cerebral Cortex, 10(3), 295-307.
  5. Beer, J. S., Knight, R. T., & D'Esposito, M. (2006). Controlling the integration of emotion and cognition: the role of frontal cortex in distinguishing helpful from hurtful emotional information. Psychological Science, 17(5), 448-453.
  6. Bernheim, B. D. (2008). On the potential of neuroeconomics: A critical (but hopeful) appraisal. American Economic Journal: Microeconomics, 1(2), 1-41.
  7. Camerer, C. F. (2013). Goals, methods, and progress in neuroeconomics. Annu. Rev. Econ., 5(1), 425-455.
  8. Camerer, C. F., Loewenstein, G., & Prelec, D. (2004). Neuroeconomics: Why economics needs brains. The Scandinavian Journal of Economics, 106(3), 555-579.
  9. Camerer, C., Loewenstein, G., & Prelec, D. (2005). Neuroeconomics: How neuroscience can inform economics. Journal of Economic Literature, 43(1), 9-64.
  10. Chavaglia, J. N., Filipe, J. A., Ferreira, M. A. M., & Caleiro, A. (2015). Neuroeconomics: Decisions in Extreme Situations, (1), 14-21.
  11. Coricelli, G., & Nagel, R. (2010). The Neuroeconomics of depth of strategic reasoning. History of Economic Ideas, 18(1), 123-132.
  12. Çiçen, Y. B. (2017). Kurumlar ve ekonomik performans ilişkisi: Teorik çerçeve. The Journal of International Scientific Researches, 2(7), 109-118.
  13. Declerck, C., & Boone, C. (2016). The neuroanatomy of prosocial decision making. Neuroeconomics of Prosocial Behaviour. The Compassionate Egoist. London. Deppe, M., Schwindt, W., Kugel, H., Plassmann, H., & Kenning, P. (2005). Nonlinear responses within the medial prefrontal cortex reveal when specific implicit information influences economic decision making. Journal of Neuroimaging, 15(2), 171-182.
  14. Dickhaut, J., McCabe, K., Nagode, J. C., Rustichini, A., Smith, K., & Pardo, J. V. (2003). The impact of the certainty context on the process of choice. Proceedings of the National Academy of Sciences, 100(6), 3536-3541.
  15. Di Domenico, S. I., & Ryan, R. M.