Abstract
This paper analyses whether freedom of decision as a crucial precondition of normative decision theory is questioned by ethics and neurobiology. It argues for an understanding of business ethics which sees the economic agents’ freedom of decision as the necessary basis for handling ethical questions in business practice, rather than as a limitation to this end. Analysing free will as a main object of scrutiny in neurobiology, it is hypothesised that acting in reality lies between plain determination on the one extreme and complete autonomy on the other. It supports the proposition in decision theory that managerial decisions are taken within the conditions of a certain framework. However, in the light of the recent developments in behavioural economics, ethics and neurobiology, it argues for the extension of this concept by consciously or unknowingly anchored norms.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.