Archivio per 14 ottobre 2014

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Ott
14

There are several ways to incorporate evolutionary concepts into economic thinking

Abstract
There are several ways to incorporate evolutionary concepts into economic thinking. This article reviews the most important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an analogy construction to the biological sphere, those that make metaphorical use of Darwinian ideas, and avenues that are based on the fact that other forms of – cultural – evolution rest upon foundations laid before by natural selection. It is shown that an evolutionary approach within economics informed by insights from cognitive science, evolutionary biology, and anthropology contributes to more realistic models of human behavior in economic contexts.

ftp://137.248.191.199/RePEc/esi/discussionpapers/2014-02.pdf

#neuroeconomics 

See on Scoop.itBounded Rationality and Beyond

14
Ott
14

There are several ways to incorporate evolutionary concepts into economic thinking

See on Scoop.itBounded Rationality and Beyond

Abstract
There are several ways to incorporate evolutionary concepts into economic thinking. This article reviews the most important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an analogy construction to the biological sphere, those that make metaphorical use of Darwinian ideas, and avenues that are based on the fact that other forms of – cultural – evolution rest upon foundations laid before by natural selection. It is shown that an evolutionary approach within economics informed by insights from cognitive science, evolutionary biology, and anthropology contributes to more realistic models of human behavior in economic contexts.

ftp://137.248.191.199/RePEc/esi/discussionpapers/2014-02.pdf

#neuroeconomics 

14
Ott
14

Evolutionary Economics and Household Behavior

See on Scoop.itBounded Rationality and Beyond

(DP 2014-12) Evolutionary Economics and Household Behavior

Abstract: This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded behavioral assumptions and technological innovation and that the goal of the evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction of households to the introduction of new goods and services. The paper concludes with a brief discussion of loss aversion and self-interest vs. altruism.

 
See on econ.upd.edu.ph

14
Ott
14

Evolutionary Economics and Household Behavior

(DP 2014-12) Evolutionary Economics and Household Behavior

Abstract: This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded behavioral assumptions and technological innovation and that the goal of the evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction of households to the introduction of new goods and services. The paper concludes with a brief discussion of loss aversion and self-interest vs. altruism.

 

Source: www.econ.upd.edu.ph

See on Scoop.itBounded Rationality and Beyond

14
Ott
14

Accepting Your Bias

Everyone has a bias. No single person has a perfect view of reality. Instead, we each have our own window into reality. And everyone’s view is going to be a little bit different. 

Every mind has a bias, because everyone’s beliefs and worldview are shaped by their own unique experiences within a particular environment.

So no single person has a perfect view of reality. Instead, we each have our own window into reality. And everyone’s view is going to be a little bit different.

Therefore, every person you meet knows something that you don’t know. And you know something that they don’t know. That’s a powerful insight to keep in mind.

When you accept your bias, it actually puts you in a better position to learn new things and expand your perspective.

You recognize that everyone has something to teach you, so you should be willing to listen to all perspectives, and try to find a grain of truth.

This doesn’t necessarily mean that all truth is subjective, or just a matter of opinion. It’s the acceptance that your knowledge is limited – you know some things, and you’re ignorant about others.

Source: www.theemotionmachine.com

See on Scoop.itBounded Rationality and Beyond

14
Ott
14

Accepting Your Bias

See on Scoop.itBounded Rationality and Beyond

Everyone has a bias. No single person has a perfect view of reality. Instead, we each have our own window into reality. And everyone’s view is going to be a little bit different. 

Every mind has a bias, because everyone’s beliefs and worldview are shaped by their own unique experiences within a particular environment.

So no single person has a perfect view of reality. Instead, we each have our own window into reality. And everyone’s view is going to be a little bit different.

Therefore, every person you meet knows something that you don’t know. And you know something that they don’t know. That’s a powerful insight to keep in mind.

When you accept your bias, it actually puts you in a better position to learn new things and expand your perspective.

You recognize that everyone has something to teach you, so you should be willing to listen to all perspectives, and try to find a grain of truth.

This doesn’t necessarily mean that all truth is subjective, or just a matter of opinion. It’s the acceptance that your knowledge is limited – you know some things, and you’re ignorant about others.

See on theemotionmachine.com

14
Ott
14

Autism Explained: Simple New Theory Links Confusing Array of Symptoms — PsyBlog

New theory may explain the complex set of symptoms seen in autism. People with autism often display a complex and confusing range of symptoms, including hypersensitivity to sound, problems interacting with others and repetitive behaviours. Scientist have long wondered what all these — and other, seemingly unrelated symptoms — have in common.

Now MIT researchers are testing a brand new theory: that autistic children have difficulties predicting what is going to happen next, and it’s this problem that is at the root of autism (Sinha et al., 2014).

 

Source: www.spring.org.uk

See on Scoop.itBounded Rationality and Beyond




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