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Cognitive Economics: An Interdisciplinary Approach

✍ Scribed by Paul Bourgine (auth.), Dr. Paul Bourgine, Dr. Jean-Pierre Nadal (eds.)


Publisher
Springer-Verlag Berlin Heidelberg
Year
2004
Tongue
English
Leaves
479
Edition
1
Category
Library

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✦ Synopsis


The social sciences study knowing subjects and their interactions. A "cogΒ­ nitive turn", based on cognitive science, has the potential to enrich these sciences considerably. Cognitive economics belongs within this movement of the social sciences. It aims to take into account the cognitive processes of individuals in economic theory, both on the level of the agent and on the level of their dynamic interactions and the resulting collective phenomena. This is an ambitious research programme that aims to link two levels of comΒ­ plexity: the level of cognitive phenomena as studied and tested by cognitive science, and the level of collective phenomena produced by the economic inΒ­ teractions between agents. Such an objective requires cooperation, not only between economists and cognitive scientists but also with mathematicians, physicists and computer scientists, in order to renew, study and simulate models of dynamical systems involving economic agents and their cognitive mechanisms. The hard core of classical economics is the General Equilibrium Theory, based on the optimising rationality of the agent and on static concepts of equilibrium, following a point of view systemised in the framework of Game Theory. The agent is considered "rational" if everything takes place as if he was maximising a function representing his preferences, his utility function.

✦ Table of Contents


Front Matter....Pages I-XIV
What is Cognitive Economics?....Pages 1-12
Front Matter....Pages 13-13
Rational Choice under Uncertainty....Pages 15-32
General Equilibrium....Pages 33-53
The Principles of Game Theory....Pages 55-78
Rationality and the Experimental Study of Reasoning....Pages 79-93
Supraclassical Inference without Probability....Pages 95-111
From Natural to Artificial Intelligence: Numerical Processing for Cognitive Tasks....Pages 113-130
An Introduction to Statistical Mechanics....Pages 131-156
Spontaneous Symmetry Breaking and the Transition to Disorder in Physics....Pages 157-168
Co-Evolutionist Stochastic Dynamics: Emergence of Power Laws....Pages 169-180
Front Matter....Pages 181-181
Topics of Cognitive Economics....Pages 183-197
What is a Collective Belief?....Pages 199-212
Conditional Statements and Directives....Pages 213-227
Choice Axioms for a Positive Value of Information....Pages 229-243
Elements of Viability Theory for the Analysis of Dynamic Economics....Pages 245-266
Stochastic Evolutionary Game Theory....Pages 267-279
The Evolutionary Analysis of Signal Games....Pages 281-291
The Structure of Economic Interaction: Individual and Collective Rationality....Pages 293-312
Experimental Markets: Empirical Data for Theorists....Pages 313-333
Social Interactions in Economic Theory: An Insight from Statistical Mechanics....Pages 335-358
Front Matter....Pages 181-181
The Future of Cognitive Economics....Pages 463-471
Adjustment and Social Choice....Pages 359-370
From Agent-based Computational Economics Towards Cognitive Economics....Pages 371-398
Social Networks and Economic Dynamics....Pages 399-416
Coalitions and Networks in Economic Analysis....Pages 417-427
Threshold Phenomena versus Killer Clusters in Bimodal Competion for Standards....Pages 429-441
Cognitive Efficiency of Social Networks Providing Consumption Advice on Experience Goods....Pages 443-462
Back Matter....Pages 473-479

✦ Subjects


Economic Theory


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