Integrating the Dynamics of Multiscale Economic Agency

Abstract

Abstract This article is about the relationship between people, as modeled by the economist's concept of agency, and other entities modeled as agents in economics—in particular, sub-personal interests, as in models descended from Schelling (1978, 1980, 1984), and functional parts of people's brains, as modeled in neuroeconomics. This subject would not be very interesting if people and subpersonal interests reduced to or were simple additive functions of functional parts of their brains. However, for reasons that unfold here, it is thought that this common idea is untenable. The relationship between people, subpersonal interests, and brain systems is complicated, not simple. The objective of this article is to shed some light on it, on the basis of recent empirical research. It does not aim at stating a comprehensive theory of the relationship, which would be a premature ambition at this point in our collective knowledge.

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