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Cognitive Economics Bernard Walliser

Cognitive Economics

Bernard Walliser

Published August 6th 2008
ISBN : 9781281117069
ebook
185 pages
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 About the Book 

Manifestation of a cognitive turn observable in all social sciences, cognitive economics is concerned with the beliefs and mental operations held by actors placed within a dynamical and strategic environment. It appears as a synthesis of anMoreManifestation of a cognitive turn observable in all social sciences, cognitive economics is concerned with the beliefs and mental operations held by actors placed within a dynamical and strategic environment. It appears as a synthesis of an eductive research program dealing with crossed expectations of actors and of an evolutionist research program dealing with collective learning processes. It first aims at extending the framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with individual choices and collective interactions. It also aims at better explaining some original economic phenomena involving boundedly rational agents in an institutitional setting such as financial bubbles, job search or technological innovation. Written in an informal way, the book is addressed to philosophers or cognitive scientists curious of how economics deals with cognition and to graduate students in economics eager to discover how economics evolves.