Cognitive Economics

In parallel, themes explored in cognitive economics are inspiring work in cognitive psychology and cognitive neuroscience, renewing experimental studies into both Social cognition and the mechanisms of individual decision-making.

Author: Paul Bourgine

Publisher: Springer Science & Business Media

ISBN: 9783540247081

Category: Business & Economics

Page: 479

View: 633


The social sciences study knowing subjects and their interactions. A "cog nitive turn", based on cognitive science, has the potential to enrich these sciences considerably. Cognitive economics belongs within this movement of the social sciences. It aims to take into account the cognitive processes of individuals in economic theory, both on the level of the agent and on the level of their dynamic interactions and the resulting collective phenomena. This is an ambitious research programme that aims to link two levels of com plexity: the level of cognitive phenomena as studied and tested by cognitive science, and the level of collective phenomena produced by the economic in teractions between agents. Such an objective requires cooperation, not only between economists and cognitive scientists but also with mathematicians, physicists and computer scientists, in order to renew, study and simulate models of dynamical systems involving economic agents and their cognitive mechanisms. The hard core of classical economics is the General Equilibrium Theory, based on the optimising rationality of the agent and on static concepts of equilibrium, following a point of view systemised in the framework of Game Theory. The agent is considered "rational" if everything takes place as if he was maximising a function representing his preferences, his utility function.

Cognitive Economics

Moreover, the empirical dimension of cognition is growing in line with the fast development of experimentation game theory and observation of the 'knowledge economy'. Cognitive economics, through the purely epistemic and evolutionary ...

Author: Bernard Walliser

Publisher: Springer Science & Business Media

ISBN: 9783540713470

Category: Business & Economics

Page: 185

View: 135


Written in an informal way, this book is addressed to philosophers or cognitive scientists curious of how economics deals with cognition and to graduate students in economics eager to discover how economics evolves. It aims at extending the framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with individual choices and collective interactions.

A Framework for Cognitive Economics

Meanwhile , the heuristic game equilibrium concept does seem to conserve some of the successful examples in applied economics , with appropriate sensitivity to the limited cognitive capacity of human beings and its implications for ...

Author: Roger A. McCain

Publisher: Greenwood Publishing Group

ISBN: 0275941426

Category: Business & Economics

Page: 342

View: 103


This is the first book-length work to integrate the insights of cognitive science fully into economics. It reviews a wide range of related work in both fields and proposes new approaches to choice theory, rationality, and interaction (equilibrium) that are consistent with the limited cognitive capacity of real human beings. While joining with neoclassical economics in supporting the validity of supply-and-demand theory where it is literally applicable, McCain challenges most neoclassical theory, especially monopoly, oligopoly, and general equilibrium theory and welfare economics. His work aims to further and unite recent notions of behavioral and social economics. This important work will be of interest to behavioral, social, and Keynesian economists, as well as other social scientists and philosophers interested in economic phenomena.

Cognitive Developments in Economics

After the dissolution of the Neoclassical theory as the exclusive reference paradigm in economics, various approaches have come to the forefront in the research in the economic field. Cognitive economics stands out from them, ...

Author: Salvatore Rizzello

Publisher: Routledge

ISBN: 9781134402199

Category: Business & Economics

Page: 414

View: 715


This book proposes an interdisciplinary approach to the study of human problem solving, choice, decision-making and change, to explain economic transactions, and the nature and evolution of organisations and institutions.

Cognitive Economics

Just like psychology , neurobiology and philosophy , cognitive economics has therefore its micro - foundations in the understanding of human mental activities and it elaborates its models in relation to these disciplines and their ...

Author: Massimo Egidi

Publisher: Edward Elgar Pub

ISBN: IND:30000095341743

Category: Business & Economics

Page: 650

View: 138


This important collection examines the subject of cognitive economics - an interdisciplinary approach to the study of human problem solving, choice, decision making and change which explains economic transactions and the nature and evolution of organisations and institutions in an environment of structural uncertainty, scarcity and incentives. Cognitive economics is strongly linked with many other disciplines concerning choice, such as cognitive psychology, artificial intelligence, philosophy, and the science of administration. This new approach is contributing to a wide range of economic fields such as consumer theory, economics of the firm, economics of innovation and evolutionary economics. These path-breaking volumes will be an indispensable tool for new research in the field of cognitive economics, and of particular interest to scholars of economics, psychology and philosophy.

The MIT Encyclopedia of the Cognitive Sciences MITECS

Economics and Cognitive Science Economics is concerned with the equilibria reached by large systems , such as markets and whole economies . The units that contribute to these collective outcomes are the individ- ual participants in the ...

Author: Robert A. Wilson

Publisher: MIT Press

ISBN: 0262731444

Category: Psychology

Page: 1106

View: 624


Since the 1970s the cognitive sciences have offered multidisciplinary ways of understanding the mind and cognition. The MIT Encyclopedia of the Cognitive Sciences (MITECS) is a landmark, comprehensive reference work that represents the methodological and theoretical diversity of this changing field. At the core of the encyclopedia are 471 concise entries, from Acquisition and Adaptationism to Wundt and X-bar Theory. Each article, written by a leading researcher in the field, provides an accessible introduction to an important concept in the cognitive sciences, as well as references or further readings. Six extended essays, which collectively serve as a roadmap to the articles, provide overviews of each of six major areas of cognitive science: Philosophy; Psychology; Neurosciences; Computational Intelligence; Linguistics and Language; and Culture, Cognition, and Evolution. For both students and researchers, MITECS will be an indispensable guide to the current state of the cognitive sciences.

Cognitive Processes and Economic Behaviour

economists. Yet, its importance in everyday economic decisions can hardly be disputed. This chapter also surveys the ... After a century of domination of a behavioral, non-cognitive paradigm, economics opens up to other fields and to ...

Author: Marcello Basili

Publisher: Routledge

ISBN: 9781134362288

Category: Business & Economics

Page: 263

View: 396


In recent years the understanding of the cognitive foundations of economic behavior has become increasingly important. This volume contains contributions from such leading scholars as Adam Brandenburger, Michael Bacharach and Patrick Suppes. It will be of great interest to academics and researchers involved in the field of economics and psychology as well as those interested in political economy more generally.

Grounding Social Sciences in Cognitive Sciences

The third challenge stimulated the collection of a new Cognitive Economics (CogEcon) survey, designed by a team of economists led by Robert Willis, using CogUSA respondents as a sample frame. When merged, the two surveys allow an ...

Author: Paul Thagard

Publisher: MIT Press

ISBN: 9780262017541

Category: Science

Page: 467

View: 855


Exploration of a new integrative intellectual enterprise: the cognitive social sciences.

The Cognitive Mechanics of Economic Development and Institutional Change

Economic and institutional development run in parallel, and are both endogenous to the cognitive development of human societies. The centrality of cognition This is an essay in cognitive economics. The view that knowledge plays a ...

Author: Bertin Martens

Publisher: Routledge

ISBN: 9781134340170

Category: Business & Economics

Page: 220

View: 373


This book seeks to explain long-term economic development and institutional change in terms of the cognitive features of human learning and communication processes. Martens links individual cognitive processes to macroeconomic growth theories, including economies of scale and scope, and to theories of institutional development based on asymmetric information in production processes and economies of scale in enforcement technology. With considerable flair, Bertin Martens has applied the hot new area of psychological and behavioural economics to notions of growth and development and has created a unique and impressive volume.

Food and Nutrition Economics

We are in the early stages of these developments and no canonical model has arisen, but the cognitive resource allocation model is a useful conceptual device (e.g., Alonso, Brocas, and Carrillo 2014; Chabris et al.

Author: George C. Davis

Publisher: Oxford University Press

ISBN: 9780199379125

Category: Medical

Page: 224

View: 198


Winner of the 2017 Quality of Communication Award presented by The Agricultural and Applied Economics Association As the importance of food and nutrition becomes more widely recognized by practitioners and researchers in the health sciences, one persisting gap in the knowledge base remains: what are the economic factors that influence our food and our health? Food and Nutrition Economics offers a much-needed resource for non-economists looking to understand the basic economic principles that govern our food and nutritional systems. Comprising both a quick grounding in nutrition with the fundamentals of economics and expert applications to food systems, it is a uniquely accessible and much-needed bridge between previously disparate scholarly and professional fields. This book is intended for upper level undergraduates, graduate students, and health professionals with no background in economics who recognize that economics affects much of their work. Concerned because previous encounters with economics have been hampered by math hurdles? Don't be; this book offers a specialized primer in consumer economics (including behavioral economics of food consumption), producer economics, market-level analysis, cost-effectiveness, and cost-benefit analysis, all in an accessible and conversational manner that requires nothing more than middle-school math acumen. Grounding these lessons in contemporary issues such as soft drink taxes, food prices, convenience, nutrition education programs, and the food environment, Food and Nutrition Economics is an innovative and needed entry in the rapidly expanding universe of food studies, health science, and their related fields.