A new Economics Research Network (ERN) eJournal in Neuroeconomics has been launched. The editors include: Kevin A. McCabe, George Mason University - Center for the Study of Neuroeconomics, George Mason University and Michael C. Jensen, Harvard Business School, The Monitor Company, Social Science Electronic Publishing (SSEP), Inc.

Description: Economic outcomes are the product of many individual decisions, constrained by scarcity, and equilibrium forces that simultaneously shape a person's social networks and the institutionally defined rules of the game. Decisions are made by computations in the brain which produce action-choices that directly affect the homeostatic wellbeing of the individual and choices that indirectly change wellbeing by changing an individual's future constraints, the scope of their social networks, and their message sending rights within the institutions they participate. Neuroeconomics broadly speaking is interested in the study of these computations and the resulting choices they produce. This includes experiments that attempt to understand the mechanisms of neuronal computations that produce action-choices, theories which predict how neuronal computations in socio-economic environments produce decisions, outcomes and wellbeing, and policy which use our understanding of neuoroeconomic behavior to either build or defend better solutions to societal problems.

Hat tip to Vint.