The cognitive economy: The probabilistic turn in psychology and human cognition

Journal article

Kusev, P. and Van Schaik, P. (2013). The cognitive economy: The probabilistic turn in psychology and human cognition. Behavioral and Brain Sciences. 36 (3), pp. 294-295. https://doi.org/10.1017/s0140525x12003019
AuthorsKusev, P. and Van Schaik, P.
Abstract

According to the foundations of economic theory, agents have stable and coherent “global” preferences that guide their choices among alternatives. However, people are constrained by information-processing and memory limitations and hence have a propensity to avoid cognitive load. We propose that this in turn will encourage them to respond to “local” preferences and goals influenced by context and memory representations.

Year2013
JournalBehavioral and Brain Sciences
Journal citation36 (3), pp. 294-295
PublisherCambridge University Press (CUP)
ISSN1469-1825
Digital Object Identifier (DOI)https://doi.org/10.1017/s0140525x12003019
Web address (URL)http://www.scopus.com/inward/record.url?eid=2-s2.0-84877938322&partnerID=MN8TOARS
Publication dates
Online14 May 2013
Publication process dates
Deposited31 Aug 2022
Accepted author manuscript
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File Access Level
Open
ISBN14691825 0140525X
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