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From dual systems to dual function: rethinking methodological foundations of behavioural economics

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Abstract Building on an overview of dual systems theories in behavioural economics, the paper presents a methodological assessment in terms of the mechanistic explanations framework that has gained prominence in… Click to show full abstract

Abstract Building on an overview of dual systems theories in behavioural economics, the paper presents a methodological assessment in terms of the mechanistic explanations framework that has gained prominence in philosophy of the neurosciences. I conclude that they fail to meet the standards of causal explanations and I suggest an alternative ‘dual functions’ view based on Marr’s methodology of computational neuroscience. Recent psychological and neuroscience research undermines the case for a categorization of brain processes in terms of properties such as relative speed. I defend an interpretation of dualities as functional, without assigning them to specific neurophysiological structures.

Keywords: philosophy; economics; dual function; dual systems; behavioural economics; systems dual

Journal Title: Economics and Philosophy
Year Published: 2019

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