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

Kusev, Petko and van Schaik, Paul (2013) The cognitive economy: The probabilistic turn in psychology and human cognition. Behavioral and Brain Sciences, 36 (3). pp. 294-295. ISSN 0140-525X
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.

Information
URI:
https://eprints.hud.ac.uk/id/eprint/33298
Title:
The cognitive economy: The probabilistic turn in psychology and human cognition
Creators:
Kusev, Petko and van Schaik, Paul
Identification Number:
https://doi.org/10.1017/S0140525X12003019
Official URL:
https://doi.org/10.1017/S0140525X12003019
Date:
June 2013
Subjects:
Q Science > Q Science (General)
Schools:
Huddersfield Business School
Uncontrolled Keywords:
Category membership; Classical probability theory; Conjunction effect; Decision making; Disjunction effect; Interference effects; Judgment; Quantum probability theory; Rationality; Similarity ratings
Library
Item Type:
Article
Depositing User:
Petko Kusev
Date Deposited:
13 Sep 2017 14:27
Revision:
13
Last Modified:
28 Aug 2021 12:21
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