What’s in the brain for us: a systematic literature review of neuroeconomics and neurofinance
Qualitative Research in Financial Markets
ISSN: 1755-4179
Article publication date: 17 June 2020
Issue publication date: 24 October 2020
Abstract
Purpose
Neuroeconomics and neurofinance are emerging as intriguing fields of research, despite sharing ambiguity with the concepts of neuroscience. The relationship among the concepts of economics, finance and neuroscience is not explicitly defined in the past literature, which distorts the use of neuroeconomics and neurofinance approaches in real-world practice for financial decision-making. The purpose of this paper is to consolidate the literature in the field of neuroeconomics and neurofinance to set up the research agenda for the upcoming scholarship in the field.
Design/methodology/approach
The purpose of this paper is to consolidates the extant literature in the fields of neuroeconomics and neurofinance by conducting an extensive systematic literature review to investigate the current state and define the relationship between economics, finance and neuroscience.
Findings
This paper identifies and explains the explicit relationship between different sub-fields of neuroscience with neuroeconomics and neurofinance and providing instances for future research studies.
Originality/value
The exclusive and extensive literature survey in the form of systematic literature review is undertaken for understanding the fields of neuroeconomics and neurofinance and is the key highlight of this paper. Another, interesting fact lies with matching the literature in neuroeconomics and neurofinance with further sub-fields of neuroscience such as neurophysiology, neuroanatomy, molecular neuroscience and cognitive neuroscience.
Keywords
Citation
Srivastava, M., Sharma, G.D., Srivastava, A.K. and Kumaran, S.S. (2020), "What’s in the brain for us: a systematic literature review of neuroeconomics and neurofinance", Qualitative Research in Financial Markets, Vol. 12 No. 4, pp. 413-435. https://doi.org/10.1108/QRFM-10-2019-0127
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited