Better Than Conscious? The Brain, the Psyche, Behavior, and Institutions
AbstractThe title of this chapter is deliberately provocative. Intuitively, many will be inclined to see conscious control of mental process as a good thing. Yet control comes at a high price. The consciously not directly controlled, automatic, parallel processing of information is not only much faster, it also handles much more information, and it does so in a qualitatively different manner. This different mental machinery is not adequate for all tasks. The human ability to consciously deliberate has evolved for good reason. But on many more tasks than one might think at first sight, intuitive decision-making, or at least an intuitive component in a more complex mental process, does indeed improve performance. This chapter presents the issue, offers concepts to understand it, discusses the effects in terms of problem solving capacity, contrasts norms for saying when this is a good thing, and points to scientific and real world audiences for this work.
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Bibliographic InfoPaper provided by Max Planck Institute for Research on Collective Goods in its series Working Paper Series of the Max Planck Institute for Research on Collective Goods with number 2007_24.
Length: 22 pages
Date of creation: Dec 2007
Date of revision:
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- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-03-15 (All new papers)
- NEP-CBE-2008-03-15 (Cognitive & Behavioural Economics)
- NEP-LAW-2008-03-15 (Law & Economics)
- NEP-NEU-2008-03-15 (Neuroeconomics)
- NEP-PKE-2008-03-15 (Post Keynesian Economics)
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.:
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"The impact of institutions on the decision how to decide,"
Journal of Institutional Economics,
Cambridge University Press, vol. 3(03), pages 323-349, December.
- Christoph Engel & Elke U. Weber, 2006. "The Impact of Institutions on the Decision How to Decide," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2006_19, Max Planck Institute for Research on Collective Goods.
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