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Cognition. 2015 Feb;135:52-5. doi: 10.1016/j.cognition.2014.10.015. Epub 2014 Nov 15.

Can cognitive science create a cognitive economics?

Author information

1
Behavioural Science Group, Warwick Business School, United Kingdom. Electronic address: nick.chater@wbs.ac.uk.

Abstract

Cognitive science can intersect with economics in at least three productive ways: by providing richer models of individual behaviour for use in economic analysis; by drawing from economic theory in order to model distributed cognition; and jointly to create more powerful 'rational' models of cognitive processes and social interaction. There is the prospect of moving from behavioural economics to a genuinely cognitive economics.

KEYWORDS:

Cognition; Distributed cognition; Economics; Rational analysis; Virtual bargaining

PMID:
25465467
DOI:
10.1016/j.cognition.2014.10.015
[Indexed for MEDLINE]

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