On the rationale for hysteresis in economic decisions

8th Workshop on Multi-Rate Processes and Hysteresis;HSFS Workshop (Hysteresis and Slow-Fast Systems)

Rios, Luis A.^1 ; Rachinskii, Dmitrii^2 ; Cross, Rod^3

Wharton School of Business, University of Pennsylvania, United States^1

Department of Mathematical Sciences, University of Texas, Dallas, United States^2

Department of Economics, University of Strathclyde, United Kingdom^3

关键词: Economic decisions;    Human behaviors;    Hysteresis effect;    Hysteresis process;    Micro level;    Neural process;   

Others  :  https://iopscience.iop.org/article/10.1088/1742-6596/811/1/012012/pdf
DOI  :  10.1088/1742-6596/811/1/012012

来源: IOP

【 摘 要 】

In the social sciences there are plausible reasons to postulate that hysteresis effects are important. The available evidence, however, is predominantly at the macro level. In this paper we review the evidence regarding hysteresis in the neural processes underlying human behavior. We argue that there is a need for experimental and neuroimaging studies to fill the gap in knowledge about hysteresis processes at the micro level in the social sciences.