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Toward a Cognitive Experimental Economics

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Author Info

  • Marco Novarese

    (Centre for Cognitive Economics - Università del Piemonte Orientale)

Abstract

This paper aims to analyze and exemplify some methodological implications on the way to conduct experiments related to the adoption of a cognitive approach in Economics. Many differences arise in relation to a more traditional way. In fact cognitive economics has strong descriptive attention and aims at beeing closer to reality than the mainstream. Besides the idea of representative agents is questioned. Different kind of experiments, differents analysis and new tools are so required. The paper proposes also some notes on the relation between experimental economics and simulation with artificial agents.

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File URL: http://128.118.178.162/eps/exp/papers/0211/0211002.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Experimental with number 0211002.

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Length: 18 pages
Date of creation: 17 Nov 2002
Date of revision:
Handle: RePEc:wpa:wuwpex:0211002

Note: Type of Document - PDF; prepared on IBM PC - PC-TEX; to print on HP; pages: 18; figures: included. forthcoming in a book on Cognitive Economics (title to be defined) edited by Salvatore Rizzello
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Web page: http://128.118.178.162

Related research

Keywords: cognitive economics; experimental economics; learning;

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References

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  1. Alessandro Narduzzo & Massimo Egidi, 1996. "The emergence of path-dependent behaviors in cooperative contexts," CEEL Working Papers 9604, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
  2. Roth, Alvin E., 1993. "The Early History of Experimental Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 15(02), pages 184-209, September.
  3. repec:att:wimass:9309 is not listed on IDEAS
  4. Nigel Gilbert & Pietro Terna, 2000. "How to build and use agent-based models in social science," Mind and Society: Cognitive Studies in Economics and Social Sciences, Fondazione Rosselli, vol. 1(1), pages 57-72, March.
  5. Tversky, Amos & Kahneman, Daniel, 1992. " Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
  6. Hugh Kelley & Daniel Friedman, 2002. "Learning to Forecast Price," Economic Inquiry, Western Economic Association International, vol. 40(4), pages 556-573, October.
  7. Andreoni, James, 1995. "Cooperation in Public-Goods Experiments: Kindness or Confusion?," American Economic Review, American Economic Association, vol. 85(4), pages 891-904, September.
  8. Leigh Tesfatsion, 2002. "Agent-Based Computational Economics," Computational Economics 0203001, EconWPA, revised 15 Aug 2002.
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