Introduction to Cognitive Economics

Andrew Caplin ()
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Andrew Caplin: New York University

Chapter Chapter 1 in An Introduction to Cognitive Economics, 2025, pp 1-13 from Springer

Abstract: Abstract This chapter introduces cognitive economics. It explains its inter-disciplinary nature and the fundamental role of utility functions, subjective beliefs, costs of learning, and Blackwell experiments. It outlines the need for economic data engineering to separate out beliefs from preferences and thereby to scientifically study decision-making mistakes. It also discusses distinctions and connections between cognitive economics and behavioral economics.

Keywords: Cognitive economics; Interdisciplinary social science; Utility functions; Subjective beliefs; Costs of learning; Blackwell experiments; Decision-making mistakes; Economic data engineering; Behavioral economics; Cognitive psychology; State dependent stochastic choice data (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-73042-9_1

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DOI: 10.1007/978-3-031-73042-9_1

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