Cognitive Economics

Miles Kimball

No 20834, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Cognitive Economics is the economics of what is in people’s minds. It is a vibrant area of research (much of it within Behavioral Economics, Labor Economics and the Economics of Education) that brings into play novel types of data—especially novel types of survey data. Such data highlight the importance of heterogeneity across individuals and highlight thorny issues for Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called “bounded rationality”), which poses theoretical challenges that call for versatile approaches. Cognitive Economics brings a rich toolbox to the task of understanding a complex world.

JEL-codes: B4 D03 D6 G02 J24 (search for similar items in EconPapers)
Date: 2015-01
New Economics Papers: this item is included in nep-hme, nep-hpe, nep-neu and nep-pke
Note: AP
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Published as Miles Kimball, 2015. "Cognitive Economics," The Japanese Economic Review, Japanese Economic Association, vol. 66(2), pages 167-181, 06.

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