Neuroscience reveals why humans make irrational economic decisions.
The article discusses how current models of economic decision-making are flawed and proposes incorporating knowledge from neuroscience to create a more accurate model. The researchers suggest that decisions promoting an individual's well-being are rational, rather than following specific existing theories. They explain the Allais paradox and lottery results using this new model. A hypothetical experiment is proposed to test the model, and previous studies on trading decisions are reviewed to show how this approach can be implemented.