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Economic Cognition: Affective Moves in Cultural Games   Benoit Hardy-Vallée Department of Philosophy University of Waterloo http://decisis.net   [email_address]
Content ,[object Object],[object Object],[object Object],[object Object],[object Object]
Economic Cognition ,[object Object],[object Object],[object Object],[object Object]
Economic Cognition ,[object Object],[object Object],[object Object],[object Object],[object Object]
Origins of economic cognition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Rational-choice theory  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Rational-choice theory  ,[object Object],[object Object],[object Object]
Rational-choice theory Go free >>  4 2 years >> 3 5 years >> 2 10 years >> 0
Problems with RCT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example:  The Ultimatum Game ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Behavioral economics and Bounded Rationality ,[object Object],[object Object],[object Object],[object Object]
Heuristics and Biases ,[object Object],[object Object],[object Object],[object Object],[object Object]
Heuristics and Biases ,[object Object],[object Object],[object Object],[object Object],[object Object]
Heuristics and Biases ,[object Object],[object Object],[object Object],[object Object]
From Bounded to Ecological Rationality ,[object Object],[object Object],[object Object]
Economic cognition is  ,[object Object],[object Object],[object Object],[object Object]
Risk/loss aversion  ,[object Object],[object Object],[object Object],[object Object]
Risk/loss aversion  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
Risk/loss aversion  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Risk/loss aversion  ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
Ultimatum Game  ,[object Object],[object Object],[object Object]
 
 
[object Object],[object Object],[object Object],[object Object],[object Object]
Ultimatum Game  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
Trust Game A. (Y$) B. (Y$) x$  x  3=  x$  3x$ 1. 2. A. (Y-x $) B. (Y + 3x$)    Z$ A. (Y-x)+Z $) B. (Y + 3x) –Z $) 3.
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusion: ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Economic cognition

  • 1. Economic Cognition: Affective Moves in Cultural Games Benoit Hardy-Vallée Department of Philosophy University of Waterloo http://decisis.net [email_address]
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  • 8. Rational-choice theory Go free >> 4 2 years >> 3 5 years >> 2 10 years >> 0
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  • 30. Trust Game A. (Y$) B. (Y$) x$ x 3=  x$  3x$ 1. 2. A. (Y-x $) B. (Y + 3x$)  Z$ A. (Y-x)+Z $) B. (Y + 3x) –Z $) 3.
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