Economic Agency Through Modularity Theory
AbstractEconomic agency as a matter of rational decision-making and as a problem of bounded rationality has never gone too far from its earlier formalization in the 1950s. Not that the advancement on this topic is so slow, but the same problem concerning higher level cognition as another general program of cognitive science is not as easy as behavioral studies. This paper will show a parallelism between economic agency and folkpsychological perspective, and in turn will give a short description on how folk psychology is unseparable from modularity theory. In short, then there must be a way to cope with cognition as the black box of economics if we can identify the appropriate level of description of cognitive structure, i.e.: modularity theory.
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Bibliographic InfoPaper provided by Bandung Fe Institute in its series Departmental Working Papers with number wpc2004.
Date of creation: Feb 2004
Date of revision:
bounded rationality; folk psychology; modularity theory;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-06-02 (All new papers)
- NEP-CBE-2004-06-02 (Cognitive & Behavioural Economics)
- NEP-HPE-2004-06-02 (History & Philosophy of Economics)
- NEP-SEA-2004-06-02 (South East Asia)
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