Economics And Cognitive Science
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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 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.
Economic Theory And Cognitive Science
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Author : Don Ross
language : en
Publisher: MIT Press
Release Date : 2007-01-26
Economic Theory And Cognitive Science written by Don Ross and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-26 with Psychology categories.
In this study, Don Ross explores the relationship of economics to other branches of behavioral science, asking, in the course of his analysis, under what interpretation economics is a sound empirical science. The book explores the relationships between economic theory and the theoretical foundations of related disciplines that are relevant to the day-to-day work of economics—the cognitive and behavioral sciences. It asks whether the increasingly sophisticated techniques of microeconomic analysis have revealed any deep empirical regularities—whether technical improvement represents improvement in any other sense. Casting Daniel Dennett and Kenneth Binmore as its intellectual heroes, the book proposes a comprehensive model of economic theory that, Ross argues, does not supplant, but recovers the core neoclassical insights, and counters the caricaturish conception of neoclassicism so derided by advocates of behavioral or evolutionary economics. Because he approaches his topic from the viewpoint of the philosophy of science, Ross devotes one chapter to the philosophical theory and terminology on which his argument depends and another to related philosophical issues. Two chapters provide the theoretical background in economics, one covering developments in neoclassical microeconomics and the other treating behavioral and experimental economics and evolutionary game theory. The three chapters at the heart of the argument then apply theses from the philosophy of cognitive science to foundational problems for economic theory. In these chapters, economists will find a genuinely new way of thinking about the implications of cognitive science for economics, and cognitive scientists will find in economic behavior, a new testing site for the explanations of cognitive science.
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.
Cognition And Economics
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Author : Elisabeth Krecke
language : en
Publisher: JAI Press Incorporated
Release Date : 2006-12-01
Cognition And Economics written by Elisabeth Krecke and has been published by JAI Press Incorporated this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-12-01 with Business & Economics categories.
Bringing together economists from various traditions such as Austrian economics, evolutionary economics, institutional economics, law and economics, neuro-economics and bio-economics, this title examines the impact of cognitive science growth on the economics discipline.
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.
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.
Psychologizing Economic Man
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Author : Michiru Nagatsu
language : en
Publisher:
Release Date : 2009
Psychologizing Economic Man written by Michiru Nagatsu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This is a philosophical study of economics and cognitive psychology as sciences of human behaviour. Boundaries and interactions of the two sciences are examined with a close look at the experimental studies on judgement and decision making, and on strategic interaction in games. I argue, against conceptual scepticism, that not only is a science of human behaviour possible, but it is exemplified by both economics and psychology, which have been striving to measure decision-relevant psychological quantities and explain the behavioural anomalies that have emerged as a result of theoretical and empirical progress in measurement and experimentation. The dialectics of 'crises and responses' involved in this process reveals various ways in which representations, models and experiments are employed in the laboratory. I emphasize the precision of measurement and the severity of test as important methodological values in scientific progress, and argue that these values are the basis of theoretical progress. I explore alternative ways in which economic models of rational choice can be informed by psychology, and argue that a successful model should incorporate empirical findings from social and cognitive psychology, instead of maintaining familiar economic modelling strategies while relying on folk psychological intuitions. I propose that, in addition to modelling human behaviour as utility maximization, explicitly modelling human reasoning qua cognitive process may be the key to success. I point out two metaphysical stances - mechanistic and functional - implicit in the debates over the prospect of neuroeconomics, and consider their methodological implications to the study of human cognition and behaviour. I argue that it is unlikely that neuroscience will radically eliminate constructs of economic theory such as beliefs and preferences, based on the observation that recent brain-imaging studies of individual decision making largely presuppose constructs of cogntive psychology.
Modern Principles Of Economic Mechanics Vol 1
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Author : Yingrui Yang
language : en
Publisher: Xlibris Corporation
Release Date : 2012-12-07
Modern Principles Of Economic Mechanics Vol 1 written by Yingrui Yang and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-07 with Self-Help categories.
Currently, economics and cognitive science are heavily rooted in Newtonian physics, successfully borrowing a great deal of modeling tools from it. This is a great achievement. You do not need quantum mechanics or theories of relativity to build a house or bridge. Nevertheless, no one would deny the importance of modern theoretical physics. I believe many intellectuals have realized the need to go beyond the limitations of the Newtonian tradition for means of social science research. The big question is how to do it and how to do it right. This book aims to integrate economics and cognitive science by applying theoretical physics from a modeling perspective. During the course of this book, necessary background knowledge preparations for understanding the content topics are also briefl y provided. Thus, this book is designed to be conceptually and instrumentally self-contained. Everyone interested should be able to read it.
Behavioural Economics
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Author : David Orrell
language : en
Publisher: Icon Books
Release Date : 2021-01-07
Behavioural Economics written by David Orrell and has been published by Icon Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-07 with Psychology categories.
The controversial science that claims to have revolutionised economics. For centuries, economics was dominated by the idea that we are rational individuals who optimise our own 'utility'. Then, in the 1970s, psychologists demonstrated that the reality is a lot messier. We don't really know what our utility is, and we care about people other than ourselves. We are susceptible to external nudges. And far from being perfectly rational we are prone to 'cognitive biases' with complex effects on decision-making, such as forgetting to prepare for retirement. David Orrell explores the findings from psychology and neuroscience that are shaking up economics - and that are being exploited by policy-makers and marketers alike, to shape everything from how we shop for food, to how we tackle societal happiness or climate change. Finally, he asks: is behavioural economics a scientific revolution, or just a scientific form of marketing?
