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We recognize the comments made by Horwitz (2010) and Koppl (2010) in their replies to D'Amico and Boettke (2010), "Making Sense out of The Sensory Order." Furthermore, this paper hopes to explain what role D'Amico and Boettke do see for cognitive neuroscience in the study of Austrian Economics....
Persistent link: https://www.econbiz.de/10009323475
Many disasters are foreshadowed by insufficient preventative care. In this paper, we argue that there is a true problem of prevention, in that insufficient care is often the result of rational calculations on the part of agents. We identify three factors that lead to dubious efforts in care....
Persistent link: https://www.econbiz.de/10005616586
We introduce a computer program which calculates an agent’s optimal behavior according to Case-based Decision Theory (Gilboa and Schmeidler, 1995) and use it to test CBDT against a benchmark set of problems from the psychological literature on human classification learning (Shepard et al.,...
Persistent link: https://www.econbiz.de/10011258337