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Cognitive economics and the Market Mind Hypothesis: Exploring the final frontier of economics

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  • Patrick Schotanus

Abstract

Cognitive economics partners cognitive science and economics: cognitive science teaches economics about mentality (present in markets), whereas economics teaches cognitive science about market forces (present in minds). The shared Market Mind principle is intelligent (sometimes conscious) self‐organisation. Specifically, the Market Mind Hypothesis formalises what investors casually refer to as ‘the market's mind’. Prices are its informational signatures while market mood is its phenomenal experience.

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  • Patrick Schotanus, 2022. "Cognitive economics and the Market Mind Hypothesis: Exploring the final frontier of economics," Economic Affairs, Wiley Blackwell, vol. 42(1), pages 87-114, February.
    • Handle: RePEc:bla:ecaffa:v:42:y:2022:i:1:p:87-114
    DOI: 10.1111/ecaf.12505
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