Kusev, Petko and van Schaik, Paul (2013) The cognitive economy: the probabilistic turn in psychology and human cognition. The Behavioral and brain sciences, 36(3), pp. 294-295. ISSN (print) 0140-525X
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Official URL: http://dx.doi.org/10.1017/S0140525X12003019
Abstract
According to the foundations of economic theory, agents have stable and coherent "global" preferences that guide their choices among alternatives. However, people are constrained by information-processing and memory limitations and hence have a propensity to avoid cognitive load. We propose that this in turn will encourage them to respond to "local" preferences and goals influenced by context and memory representations.
| Item Type: | Article |
|---|---|
| Research Area: | Psychology |
| Faculty, School or Research Centre: | Faculty of Arts and Social Sciences (until 2017) > School of Psychology, Criminology and Sociology (from November 2012) |
| Related URLs: | |
| Depositing User: | Automatic Import Agent |
| Date Deposited: | 10 Jun 2013 13:51 |
| Last Modified: | 01 Feb 2017 03:30 |
| DOI: | https://doi.org/10.1017/S0140525X12003019 |
| URI: | http://eprints.kingston.ac.uk/id/eprint/25762 |
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