Archivio per 19 febbraio 2013

19
Feb
13

Economics and the Brain: How People Really Make Decisions in Turbulent Times

See on Scoop.itBounded Rationality and Beyond

I

In a 2008 paper on neuroeconomics, economist George Loewenstein said: “Whereas psychologists tend to view humans as fallible and sometime even self-destructive, economists tend to view people as efficient maximisers of self-interest who make mistakes only when imperfectly informed about the consequences of their actions.”

This view of humans as completely rational – and the market as eminently efficient – is relatively recent. In 1922, in the Journal of Political Economy, Rexford G. Tugwell, said (to paraphrase) that a mind evolved to function best in “the exhilarations and the fatigues of the hunt, the primitive warfare and in the precarious life of nomadism”, had been strangely and quickly transported into a different milieu, without much time to modify the equipment of the old life.

See on neurosciencenews.com

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19
Feb
13

Economics and the Brain: How People Really Make Decisions in Turbulent Times

See on Scoop.itBounded Rationality and Beyond

I

In a 2008 paper on neuroeconomics, economist George Loewenstein said: “Whereas psychologists tend to view humans as fallible and sometime even self-destructive, economists tend to view people as efficient maximisers of self-interest who make mistakes only when imperfectly informed about the consequences of their actions.”

This view of humans as completely rational – and the market as eminently efficient – is relatively recent. In 1922, in the Journal of Political Economy, Rexford G. Tugwell, said (to paraphrase) that a mind evolved to function best in “the exhilarations and the fatigues of the hunt, the primitive warfare and in the precarious life of nomadism”, had been strangely and quickly transported into a different milieu, without much time to modify the equipment of the old life.

See on neurosciencenews.com

19
Feb
13

Neuroscience and the Mystery of Music – Raymond Tallis » The Institute of Art and Ideas

See on Scoop.itBounded Rationality and Beyond

Can neuroscience reveal the purpose of art? Raymond Tallis explains why our love for music remains beyond science’s grasp.

See on iai.tv

19
Feb
13

Neuroscience and the Mystery of Music – Raymond Tallis » The Institute of Art and Ideas

See on Scoop.itBounded Rationality and Beyond

Can neuroscience reveal the purpose of art? Raymond Tallis explains why our love for music remains beyond science’s grasp.

See on iai.tv




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