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Comments on: Discussion Tuesday http://www.tvhe.co.nz/2014/02/18/discussion-tuesday-6/ The Visible Hand in Economics Thu, 20 Feb 2014 20:44:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2014/02/18/discussion-tuesday-6/#comment-42727 Thu, 20 Feb 2014 20:44:00 +0000 http://www.tvhe.co.nz/?p=10661#comment-42727 In reply to Sam.

Indeed – even if we could boil things down to “what parts of the brain do what” this gets a bit shot when we consider that, when some parts get damaged other parts of the brain often pick up the load. I have sympathy for the idea that “if the brain was simple enough for us to understand, we wouldn’t be smart enough to understand it”.

The relation between brain activity, action, and the agency of an individual seems like a huge philosophical issue. Very interesting.

With regards to the last part of your comment, I would note that our interest here is asking about action – not giving a normative value to that action. Ethical considerations, and the general value associated with actions, are a central part of life – but understanding a mechanistic view of action doesn’t necessarily tell us much about that at all!

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By: Sam http://www.tvhe.co.nz/2014/02/18/discussion-tuesday-6/#comment-42724 Thu, 20 Feb 2014 19:40:00 +0000 http://www.tvhe.co.nz/?p=10661#comment-42724 Interesting question. Even if it is true, I think we are a long way
off that. From what I am told, there seems to be a large gap between pure
neuroscience and the behavioural offshoots. In order to make behavioural
conclusions, a great deal of simplification needs to be made (No surprise for an economist). The relationship between different parts of the brain and behaviour is complex (At least I am
told by people who have studied neuroscience).

Also this may be the Art graduate (Hiss, boo) in me speaking, but I
like to think that even if we can be more accurate about what the different
parts of the brain actually do, life is more than the sum of its parts.

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By: Matt Nolan http://www.tvhe.co.nz/2014/02/18/discussion-tuesday-6/#comment-42704 Mon, 17 Feb 2014 21:44:00 +0000 http://www.tvhe.co.nz/?p=10661#comment-42704 In reply to Mark Hubbard.

So you are saying it would be impossible for us to get “subjective value” from neuroeconomic analysis – and as a result, we have to be careful in interpreting results in this light.

I think that is a fair point 🙂

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By: Mark Hubbard http://www.tvhe.co.nz/2014/02/18/discussion-tuesday-6/#comment-42703 Mon, 17 Feb 2014 21:38:00 +0000 http://www.tvhe.co.nz/?p=10661#comment-42703 In reply to Matt Nolan.

Oh 🙂 Albeit my ad hominem attack was a pretty good articulation of why I disagree.

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By: Matt Nolan http://www.tvhe.co.nz/2014/02/18/discussion-tuesday-6/#comment-42702 Mon, 17 Feb 2014 21:31:00 +0000 http://www.tvhe.co.nz/?p=10661#comment-42702 In reply to Mark Hubbard.

They are points for discussion which are meant to be relatively “extreme”. The idea is to articulate why you disagree with the quote rather than ad hominem attacking it 😉

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By: Mark Hubbard http://www.tvhe.co.nz/2014/02/18/discussion-tuesday-6/#comment-42700 Mon, 17 Feb 2014 21:20:00 +0000 http://www.tvhe.co.nz/?p=10661#comment-42700 Written by a person who wouldn’t know a novel, painting, or work of art, even if they were concussed by one?

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