Advantages of Cognitive Limitations
AbstractBeing a product of evolutionary pressures, it would not be surprising to find that what seems to be a limitation of the cognitive system is actually a fine-tuned compromise between a set of competing needs. This thesis is demonstrated using the case of the limited capacity of short-term memory, which is often regarded as the prime example of a cognitive limitation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The Center for the Study of Rationality, Hebrew University, Jerusalem in its series Discussion Paper Series with number dp611.
Length: 32 pages
Date of creation: Jun 2012
Date of revision:
Publication status: Forthcoming in Hammerstein, P. and J. R. Stevens, eds. 2012. Evolution and the Mechanisms of Decision Making. Strungmann Forum Reports, vol. 11. Cambridge, MA: MIT Press (due out October, 2012).
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-08 (All new papers)
- NEP-CBE-2012-07-08 (Cognitive & Behavioural Economics)
- NEP-HPE-2012-07-08 (History & Philosophy of Economics)
- NEP-NEU-2012-07-08 (Neuroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Reinhard Selten & Thorsten Chmura, 2008.
"Stationary Concepts for Experimental 2x2-Games,"
American Economic Review,
American Economic Association, vol. 98(3), pages 938-66, June.
- Sandholm, William H., 1998. "Simple and clever decision rules for a model of evolution," Economics Letters, Elsevier, vol. 61(2), pages 165-170, November.
- Schlag, Karl H., 1996.
"Which one should I imitate?,"
Discussion Paper Serie B
365, University of Bonn, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilan Nehama).
If references are entirely missing, you can add them using this form.