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A blog about cognitive and behavioural economics. Building mathematical models of how psychology influences economic systems.


What is cognitive economics?

Thu, 30 May 2019 15:01:32 GMT

What's happening inside your head right now? What thoughts, feelings, ideas are spinning around in there? Are they important to you? If you were not able to think those thoughts, would you care? How much does your internal mental experience matter to you? To an economist: not at all. Traditional economics explicitly rules out any consideration of how people think, and what is going on in their minds or hearts. Economists only trust what they can observe: specifically, the things you buy and...