Economics and Cognitive Science
AbstractThe neo-classical approach to analyzing the performance of an economy assumes that in the face of pervasive scarcity individuals make choices reflecting a set of desires, wants or preferences. But valuable as this model has been for the development of an elegant body of theory it is a very imperfect tool for solving economic problems both at a moment of time but particularly over time. The puzzle I seek to unravel is how do humans evolve and believe in theories in the face of uncertainty.
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Bibliographic InfoPaper provided by EconWPA in its series Economic History with number 9612002.
Length: 8 pages
Date of creation: 05 Dec 1996
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Note: Type of Document - Word; prepared on PC;print on HP Laser; 8 pages
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cognitive uncertainty development;
Find related papers by JEL classification:
- N - Economic History
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-10-02 (All new papers)
- NEP-ENV-1998-10-02 (Environmental Economics)
- NEP-EVO-1998-10-02 (Evolutionary Economics)
- NEP-PKE-1998-10-05 (Post Keynesian Economics)
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- Tilman Slembeck, 1999. "Low Information Games - Experimental Evidence on Learning in Ultimatum Bargaining," Experimental 9905001, EconWPA.
- Olsson, Ola, 2000. "A Microeconomic Analysis of Institutions," Working Papers in Economics 25, University of Gothenburg, Department of Economics.
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