Cognitive Economics
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Cognitive Economics
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Author : Paul Bourgine
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-20
Cognitive Economics written by Paul Bourgine and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-20 with Business & Economics categories.
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
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Author : Bernard Walliser
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-10-25
Cognitive Economics written by Bernard Walliser and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-10-25 with Business & Economics categories.
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.
Cognitive Developments In Economics
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Author : Salvatore Rizzello
language : en
Publisher: Routledge
Release Date : 2003-06-26
Cognitive Developments In Economics written by Salvatore Rizzello and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-06-26 with Business & Economics categories.
Cognitive Developments in Economics 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. The book contributes to a large spectrum of economic fields such as consumer theory, economics of the
A Framework For Cognitive Economics
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Author : Roger Mccain
language : en
Publisher: Praeger
Release Date : 1992-08-21
A Framework For Cognitive Economics written by Roger Mccain and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-08-21 with Business & Economics categories.
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.
Economics Bounded Rationality And The Cognitive Revolution
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Author : The late Herbert A. Simon
language : en
Publisher: Edward Elgar Publishing
Release Date :
Economics Bounded Rationality And The Cognitive Revolution written by The late Herbert A. Simon and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
The purpose of this book is to publish the ideas of the late Herbert Simon and sympathetic economists, on the subject of bounded rationality, economics, cognitive science and related disciplines, and to reprint some of Professor Simon's classic papers which have appeared in journals not widely read by economists. Not only on account of his Nobel Prize in Economics, but also because of the widespread applications of his ideas and theories, it is especially valuable to readers to have a book of this kind at the present time. Currently in this whole field, there is increasing emphasis on computer-related theory building. Herbert Simon, beginning from the time when microcomputers did not exist, was a pioneer of this approach. The book begins with an edited transcript of a colloquium, held between Herbert Simon and a group of Italian economists in Italy in 1988. It continues with the reprinted Simon papers and papers by three scholars, Raymond Boudon, Massimo Egidi and Riccardo Viale coming from different disciplines but holding a common interest in bounded rationality and ends with a response by a sympathetic economist, Robin Marris.
Economics And Cognitive Science
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Author : Paul Bourgine
language : en
Publisher: Elsevier
Release Date : 2014-06-28
Economics And Cognitive Science written by Paul Bourgine and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-28 with Psychology categories.
Economics, dealing with mental processes of decision makers is part of cognitive science; conversely, cognitive science, faced with constraints on information processing, is part of economics. In July 1990, the Cecoia 2 conference was organised in Paris to further explore the connections between the two. The papers presented in this volume illustrate this truly interdisciplinary research intertwining social and cognitive sciences. Three main topics are represented: agent's mental representation when facing complex uncertainty; agent's computational constraints leading to bounded rationality; agent's learning and evolution in an imperfectly known environment.
Cognitive Economy
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Author : Nicholas Rescher
language : en
Publisher: University of Pittsburgh Pre
Release Date : 2017-03-13
Cognitive Economy written by Nicholas Rescher and has been published by University of Pittsburgh Pre this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-13 with Philosophy categories.
Cost, expected benefits, and risks are paramount in grant agencies' decisions to fund scientific research. In Cognitive Economy, Nicholas Rescher outlines a general theory for the cost-effective use of intellectual resources, amplifying the theories of Charles Sanders Pierce, who stressed an “economy of research.” Rescher discusses the requirements of cooperation, communication, cognitive importance, cognitive economy, as well as the economic factors bearing on induction and simplicity. He then applies his model to several case studies and to clarifying the limits imposed on science by economic considerations.
Cognitive Processes And Economic Behaviour
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Author : Marcello Basili
language : en
Publisher: Routledge
Release Date : 2012-12-06
Cognitive Processes And Economic Behaviour written by Marcello Basili and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
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.
The Market Mind Hypothesis
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Author : Patrick Schotanus
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2023-10-02
The Market Mind Hypothesis written by Patrick Schotanus and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-02 with Business & Economics categories.
What is economics’ missing link? Recent economic crises have had a devastating impact on society. Worryingly, they gravely risked a collapse of the financial system. These crises also painfully revealed economics’ blind spots. Crucially, economics is not an innocent bystander but central to the problem. In this pioneering book, Patrick Schotanus explains that economics’ mechanical worldview is the ontological error which leads to flawed thinking and faulty practices. The Market Mind Hypothesis (MMH) thus calls it "mechanical economics": it not only erroneously views but also dangerously treats the economy as a machine, the market as an automaton, and its agents as robots. Inspired by heterodox economic and leading cognitive thinkers, this book offers an alternative paradigm. Central to MMH’s psychophysical worldview is the fact that consumers, investors, and other participants are conscious beings and that their minds’ extension makes consciousness a reality in markets, exemplified by market mood. Specifically, denial of the complex mind~matter exchanges as the essence of markets means the extended mind~body problem is economics’ elephant in the room. The book argues that if mechanical economics is the answer, we have been asking the wrong questions. Moreover, we will not solve our economic predicaments by doubling down on the assumption of rationality, nor by identifying yet another behavioural bias. Instead, scholars and students of economics and finance as well as finance practitioners need to investigate—through cognitive economics—the deep links between markets and minds to better understand both.
The Cognitive Mechanics Of Economic Development And Institutional Change
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Author : Bertin Martens
language : en
Publisher: Routledge
Release Date : 2004-02-05
The Cognitive Mechanics Of Economic Development And Institutional Change written by Bertin Martens and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-02-05 with Business & Economics categories.
Applying the hot new area of psychological and behavioural economics to notions of economic growth and development, Bertin Martens' new book is a unique and impressive volume.