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In Search of Lost Time. An Economic Theory of Episodic Memory

Author

Listed:
  • Antoine Billot

    (PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, LEMMA - Laboratoire d'économie mathématique et de microéconomie appliquée - UP2 - Université Panthéon-Assas, UP2 - Université Panthéon-Assas)

Abstract

The model of memory process we propose is based on two assumptions. First, spatial or adresses network models in economics can be easily adapted to describe a significative part of the episodic memory mechanism as defined by Tulving (1983). Second, brain viewed as a network behaves as a decision-maker who arbitrates between two economic dimensions of recollection: the reward --i.e., the satisfaction for recovering old informations located in mnesic traces --and the cost --i.e., the price for stimulating the traces network. Indeed, the two results exhibited in the paper --and devoted to a formal and appealing characterization of true and false recollections -- are directly derived from the idea of a rational brain. Finally, this paper aims at showing that it could be relevant to model memory processes in a pure symbolic way --contrary to most of the neuroeconomics contributions which are generally experimental --and also that such an attempt for an abstract and analogical representation of the episodic memory process based on a spatial microeconomics methodology seems to be specially efficient and illustrative of Hintzman (1986) and recent Doeller et al. (2010) intuitions and features.

Suggested Citation

  • Antoine Billot, 2012. "In Search of Lost Time. An Economic Theory of Episodic Memory," PSE-Ecole d'économie de Paris (Postprint) hal-00812839, HAL.
  • Handle: RePEc:hal:pseptp:hal-00812839
    DOI: 10.3917/rel.783.0029
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    Keywords

    Neuroeconomics; Memory process; Spatial network;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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