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Neuroeconomics: An Innovative View on Consumer´s Decision Process

Journal of Business Management & Economics

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Title Neuroeconomics: An Innovative View on Consumer´s Decision Process
 
Creator Jakub, Berčík; Assistant professor of the Faculty of Economics and Management, Slovak University of Agriculture, Department of Marketing and Trade Supervisor in Lab of Neuroeconomy and Consumers Decision Making, AgroBiotech, Nitra, Slovakia
Johana, Paluchová; Assistant professor of the Faculty of Economics and Management, Slovak University of Agriculture, Department of Marketing and Trade Supervisor in Lab of Neuroeconomy and Consumers Decision Making, AgroBiotech, Nitra, Slovakia
Elena, Horská; Assistant professor of the Faculty of Economics and Management, Slovak University of Agriculture, Department of Marketing and Trade Supervisor in Lab of Neuroeconomy and Consumers Decision Making, AgroBiotech, Nitra, Slovakia
 
Description The present time is overlap between the various scientific disciplines and therefore in the last years has seen an exponential development of new direction of interdisciplinary exploration, which is referred to as neuroeconomics. These are the new approaches that integrate several disciplines, such as economics; biology; psychology; neuroscience etc. and they are considered appropriate for providing better explanation of economic events and complex economies today. In this context, the neuroeconomics develops the basic and applied research in the field of consumer choice, decision-making and final consumer behavior, which is in the comparison with conventional economic theories. The neuroeconomic approach fundamentally provides new view on complex decision mechanism of customers, which is the result of interference of multiple variables. It recognizes the impact of emotional, social, cognitive and other factors on the economic behavior of individual in the food market. The aim of this paper is to provide a theoretical framework and to highlight the fact, that neuroeconomics research is possible to achieve with better understanding of the principles of economic decision-making and consumer behavior, and as well as a consumer in the economic processes through neuro-visualization and biometrics methods and through psychological and neurobiological terms and knowledge too.
 
Publisher Journal of Business Management & Economics
 
Contributor
 
Date 2016-08-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://innovativejournal.in/jbme/index.php/jbme/article/view/216
10.15520/jbme.2016.vol4.iss8.216.pp
 
Source Journal of Business Management & Economics; Vol 4, No 8 (2016); 22-28
2347-5471
10.15520/jbme.2016.vol4.iss8
 
Language eng
 
Relation http://innovativejournal.in/jbme/index.php/jbme/article/view/216/pdf_100
10.15520/jbme.2016.vol4.iss8.216.224