Economics and Cognitive Science

@misc{citeulike:2747721, abstract = {The neo-classical approach to analyzing the performance of an economy assumes that in the face of pervasive scarcity individuals make choices reflecting a set of desires, wants or preferences. But valuable as this model has been for the development of an elegant body of theory it is a very imperfect tool for solving economic problems both at a moment of time but particularly over time. The puzzle I seek to unravel is how do humans evolve and believe in theories in the face of uncertainty.}, author = {North, Douglass C. }, citeulike-article-id = {2747721}, keywords = {asymmetric, distributed, economics, mind}, posted-at = {2008-05-03 09:20:25}, priority = {2}, title = {Economics and Cognitive Science}, url = {http://ideas.repec.org/p/wpa/wuwpeh/9612002.html}, year = {1996} }

TY - ELEC ID - citeulike:2747721 L3 - citeulike-article-id:2747721 TI - Economics and Cognitive Science N2 - The neo-classical approach to analyzing the performance of an economy assumes that in the face of pervasive scarcity individuals make choices reflecting a set of desires, wants or preferences. But valuable as this model has been for the development of an elegant body of theory it is a very imperfect tool for solving economic problems both at a moment of time but particularly over time. The puzzle I seek to unravel is how do humans evolve and believe in theories in the face of uncertainty. KW - asymmetric KW - distributed KW - economics KW - mind AU - North, Douglass PY - 1996/// UR - http://ideas.repec.org/p/wpa/wuwpeh/9612002.html ER -