Cognitive Economics: New Trends, Volume 280 (Contributions to Economic Analysis) (Contributions to Economic Analysis)

Presents an overview of various achievements of cognitive economics and attempts to define its motivations and its boundaries. This book also deals with the individual deliberation process of a single decision-maker, the conjoint learning process of several players in a game, and the coordination of heterogenous economic agents through beliefs. In this book, cognitive economics is understood either in a broad sense as the influence exerted by some achievements of cognitive science on economics, or in a more restricted sense as the study of mental and adaptation processes implemented by economic agents in their interactions. In response to some critics addressed to the rationality and equilibrium principles in classical economics, cognitive economics associates an epistemic program grounded on individual beliefs and reasoning and an evolutionist program concerned with learning processes in a social context. The book, which is the result of the first Conference about Cognitive Economics held in Europe, gives an overview of various recent achievements of cognitive economics and is intended to better define its motivations and its boundaries. The proposed articles deal with the individual deliberation process of a single decision-maker, the conjoint learning process of several players in a game, the coordination of heterogenous economic agents through beliefs as well as with applications to entrepreneurial behavior, consumer interactions or knowledge economics. These articles also illustrate the different tools and methods which are currently used in the domain and enlarge those traditionally used in economics, from analytical work to model simulations, from conceptual work to laboratory experiments. "Contributions to Economic Analysis" was established in 1952. The series purpose is to stimulate the international exchange of scientific information. The series includes books from all areas of macroeconomics and microeconomics Content: Introduction to the Series Page v List of Contributors Pages xiii-xiv Introduction Review Article Pages 1-12 Bernard Walliser, Richard Topol Chapter 1 Decomposition Patterns in Problem Solving Review Article Pages 15-46 Massimo Egidi Chapter 2 Impossible States at Work: Logical Omniscience and Rational Choice Review Article Pages 47-68 Mikaël Cozic Chapter 3 Reference-Dependent Preferences: An Axiomatic Approach to the Underlying Cognitive Process Review Article Pages 69-97 Raphaël Giraud Chapter 4 A Cognitive Approach to Context Effects on Individual Decision Making under Risk Review Article Pages 99-116 Boicho Kokinov, Daniela Raeva Chapter 5 On Boundedly Rational Rules for Playing Normal Form Games Review Article Pages 119-134 Fabrizio Germano Chapter 6 Contagion and Dominating Sets Review Article Pages 135-152 Jacques Durieu, Hans Haller, Philippe Solal Chapter 7 Selective Interaction with Reinforcing Preference Review Article Pages 153-174 Akira Namatame Chapter 8 Choice under Social Influence: Effects of Learning Behaviours on the Collective Dynamics Review Article Pages 177-203 Viktoriya Semeshenko, Mirta B. Gordon, Jean-Pierre Nadal, Denis Phan Chapter 9 Cognition, Types of “Tacit Knowledge” and Technology Transfer Review Article Pages 205-224 Andrea Pozzali, Riccardo Viale Chapter 10 Overconfidence, Trading and Entrepreneurship: Cognitive and Cultural Processes in Risk-taking Review Article Pages 225-235 Denis Hilton Epilogue Review Article Pages 237-259 Alan Kirman Subject Index Pages 261-263 Decomposition patterns in problem solving / Massimo Egidi Impossible states at work : logical omniscience and rational choice / Mikaël Cozic Reference-dependent preferences : an axiomatic approach to the underlying cognitive process / Raphaël Giraud A cognitive approach to context effects on individual decision making under risk / Boicho Kokinov and Daniela Raeva On boundedly rational rules for playing normal form games / Fabrizio Germano Contagion and dominating sets / Jacques Durieu, Hans Haller and Philippe Solal Selective interaction with reinforcing preference / Akira Namatame Choice under social influence : effects of learning behaviours on the collective dynamics / Viktoriya Semeshenko ... [et al.] Cognition, types of "tacit knowledge" and technology transfer / Andrea Pozzali and Riccardo Viale Overconfidence, trading and entrepreneurship : cognitive and cultural processes in risk-taking / Denis Hilton Introduction / Bernard Walliser -- On boundedly rational rules for playing normal form games / Fabrizio Germano -- Contagion and dominating sets / Philippe Solal -- Decomposition patterns in problem solving / Massimo Egidi -- Selective interaction with reinforcing preference / Akira Namatame -- Choice under social influence : effects of learning behaviours on the collective dynamics / Denis Phan -- Cognition, types of tacit knowledge and technology transfer / Riccardo Viale -- Overconfidence, trading and entrepreneurship : cognitive and cultural processes in risk-taking / Denis Hilton -- Impossible states at work : logical omniscience and rational choice / Mikael Cozic -- Reference-dependent preferences : an axiomatic approach to the underlying cognitive process / Raphael Giraud -- A cognitive approach to context effects on individual decision making under risk / Daniela Raeva