Economic cognition

Economic Cognition: Affective Moves in Cultural Games Benoit Hardy-Vallée Department of Philosophy University of Waterloo http://decisis.net [email_address]

Content ,[object Object],[object Object],[object Object],[object Object],[object Object]

Economic Cognition ,[object Object],[object Object],[object Object],[object Object]

Economic Cognition ,[object Object],[object Object],[object Object],[object Object],[object Object]

Origins of economic cognition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Rational-choice theory ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Rational-choice theory ,[object Object],[object Object],[object Object]

Rational-choice theory Go free >> 4 2 years >> 3 5 years >> 2 10 years >> 0

Problems with RCT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Example: The Ultimatum Game ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Behavioral economics and Bounded Rationality ,[object Object],[object Object],[object Object],[object Object]

Heuristics and Biases ,[object Object],[object Object],[object Object],[object Object],[object Object]

Heuristics and Biases ,[object Object],[object Object],[object Object],[object Object]

From Bounded to Ecological Rationality ,[object Object],[object Object],[object Object]

Economic cognition is ,[object Object],[object Object],[object Object],[object Object]

Risk/loss aversion ,[object Object],[object Object],[object Object],[object Object]

Risk/loss aversion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Risk/loss aversion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object]

Risk/loss aversion ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object]

Ultimatum Game ,[object Object],[object Object],[object Object]

Ultimatum Game ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object]

Trust Game A. (Y$) B. (Y$) x$ x 3=  x$  3x$ 1. 2. A. (Y-x $) B. (Y + 3x$)  Z$ A. (Y-x)+Z $) B. (Y + 3x) –Z $) 3.

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Conclusion: ,[object Object],[object Object],[object Object],[object Object],[object Object]

Economic cognition

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Economic cognition