Advantages of Cognitive Limitations

Yaakov Kareev ()

Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem

Abstract: Being a product of evolutionary pressures, it would not be surprising to find that what seems to be a limitation of the cognitive system is actually a fine-tuned compromise between a set of competing needs. This thesis is demonstrated using the case of the limited capacity of short-term memory, which is often regarded as the prime example of a cognitive limitation.

Pages: 32 pages
Date: 2012-06
New Economics Papers: this item is included in nep-cbe, nep-hpe and nep-neu
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Forthcoming in Hammerstein, P. and J. R. Stevens, eds. 2012. Evolution and the Mechanisms of Decision Making. Strungmann Forum Reports, vol. 11. Cambridge, MA: MIT Press (due out October, 2012).

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