Date of this Version


Document Type

Conference Paper

Publication Details

Published version

Alas, R.M., Kumar, K., Nabin, M., & Bhattacharya, S. (2012). Risk and reward - is it all in our heads? A short history of neuroeconomics. Paper presented at the 41st Australian Conference of Economists: The Future of Economics: Research, Policy and Relevance, 8-12 July. Melbourne, Australia

2012 HERDC submission. FoR code: 140212

© Copyright The Authors, 2012




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 behavioural 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.



This document has been peer reviewed.


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