Cognitive Processes and Economic Behaviour / Edition 1

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Hardcover. Routledge, 2003. Hardcover, 245 pages. Mark on rear endpaper from removal of an adhesive label. Very good condition.

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The book is clean with no remainder mark or gift inscription. 245 pages with the index. There has been a marked increase in debte surrounding the issue of the cognitive ... foundations of economic behavior in recent years. This debate seeks to explain the determinants of a variety of activities such as forecasting economic variables, perception and decision under uncertainty and communication in interactive contexts. Read more Show Less

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London 2003 Hardcover 1st Edition Good This mint, unread, First Edition, HARDBACK, Routledge, London, 2003, has a glossy pictorial cover. The book size is 6" w x 9.5" h with ... figures, tables, and index and 245 pristine pages on beautiful high quality paper. ISBN 9780415320054. "Throughout most of the twentieth century, the official position of mainstream economics ignored cognition. The revealed preferences paradigm held that economics could and should be based on observable choice behavior alone, and that any other type of data would be at best irrelevant, if not meaningless and detrimental to the progress of science. This position is perhaps best epitomized by Samuelson's (1937) canonical contribution. But it had its roots in the preceding seven decades or so. To understand the popularity of the revealed preference paradigm, as well as its decline in the late twentieth century, one might wish to distinguish among three types of explanations, relating to science, to the philosophy of science, and to the s Read more Show Less

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Overview

There has been a marked increase in debte surrounding the issue of the cognitive foundations of economic behavior in recent years. This debate seeks to explain the determinants of a variety of activities such as forecasting economic variables, perception and decision under uncertainty and communication in interactive contexts.

This volume, containing contributions from such respected scholars as Patrick Suppes, Michael Bacharach and Adam Brandenburger, critically analyses recent advances in the discipline. Themes covered inclue:

* behavior and decision-making in financial markets
* epistemology and learning in games
* language as a cognitive ability

The book, under the impressive editorship of Dimitri, Basili and Gilboa, will be of great interest to all those interested in the intersection between psychology and economics as well as many other economic theorists.
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Product Details

Meet the Author

Nicola Dimitri is Associate Professor of Political Economy at the University of Siena, Italy.
Marchello Basili is Associate Professor of Economics at the University of Siena, Italy.
Itzhak Gilboa is Professor of Economics at TEl-Aviv University, Israel.

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Table of Contents

List of figures
List of tables
List of contributors
Introduction
1 Behavioral finance and markets 1
2 A non-expected glance at markets: financial models and Knightian uncertainty 15
3 On the existence of a "complete" possibility structure 30
4 Correlated communication 35
5 A survey of Rule Learning in normal-form games 43
6 Framing and cognition in economics: the bad news and the good 63
7 Language and economics 75
8 Learning from cases: a unified framework 94
9 Some elements of the study of language as a cognitive capacity 104
10 Rationality, habits and freedom 137
11 For a "cognitive program": explicit mental representations for Homo Oeconomicus (the case of trust) 168
12 The structured event complex and the human prefrontal cortex: the economic brain 209
Index 237
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