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.

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Introduction to Cognitive Economics

  • Andrew Caplin

摘要

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.