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Psychophysiological economics also differs from functional magnetic resonance imaging, which is typically applied exclusively to the study of brain activity. Psychophysiological economics emphasizes the role of the peripheral nervous system as it relates to shaping economic behavior.
Improvements in brain imaging technology suddenly allowed for crossover between behavioral and neurobiological enquiry. [4] At the same time, critical tension was building between neoclassical and behavioral schools of economics seeking to produce superior predictive models of human behavior.
The World Health Imaging, Telemedicine and Informatics Alliance (WHITIA) is a non-profit global health technology and social venture established in 2006 by affiliates of Northwestern University near Chicago, Illinois. [1] [4] WHITIA was formerly known as the World Health Imaging Alliance (WHIA) until it formally expanded its scope in June 2009.
In economics, supplier induced demand (SID) may occur when asymmetry of information exists between supplier and consumer.The supplier can use superior information to encourage an individual to demand a greater quantity of the good or service they supply than the Pareto efficient level, should asymmetric information not exist.
Thermoeconomics, also referred to as biophysical economics, is a school of heterodox economics that applies the laws of statistical mechanics to economic theory. [1] Thermoeconomics can be thought of as the statistical physics of economic value [ 2 ] and is a subfield of econophysics .
Often used synonymously with health economics, medical economics, according to Culyer, [31] is the branch of economics concerned with the application of economic theory to phenomena and problems associated typically with the second and third health market outlined above: physician and institutional service providers. Typically, however, it ...
Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics.
Computational tools for economics include a variety of computer software that facilitate the execution of various matrix operations (e.g. matrix inversion) and the solution of systems of linear and nonlinear equations. Various programming languages are utilized in economic research for the purpose of data analytics and modeling.