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Persistent link: https://www.econbiz.de/10005127228
A controversy among economists and others interested in the limits of rational choice analysis, still running after an onset at least two decades ago, concerns whether intelligent people and especially experts, can be subject to cognitive illusions. This note provides a striking illustration...
Persistent link: https://www.econbiz.de/10005435244
I introduce the notion of ``neglect defaulting,'' which labels the propensity to neglect possibilities which are ordinarily sensibly neglected. In familiar contexts we are well-tuned to recognize when to override the default. But outside the range of familiar experience --- here in the...
Persistent link: https://www.econbiz.de/10005248625
These are draft chapters for "Cognition and Social Motivation", to be published by Routledge in late 2007. The book should go formally into press about January 1. Comments welcome. The chapters will be posted as they emerge from a final read-through, but with Chapter 9 posted early for use in...
Persistent link: https://www.econbiz.de/10005703878
A controversy among economists and others interested in the limits of rational choice analysis, still running after an onset at least two decades ago, concerns whether intelligent people, and especially experts, can be subject to cognitive illusions. This note provides a striking illustration...
Persistent link: https://www.econbiz.de/10005703897
A "Declaration of Reasonable Doubt" (Guardian, 9 September) is the latest reminder of the persistence of controversy over who wrote Shakespeare. But the skeptics' case depends on a logical slip. The starting point is always some close variant of the claim that while Shakspere (a common spelling...
Persistent link: https://www.econbiz.de/10005703904
The paper gives an account of several well-known cognitive illusions in terms of contextual defaults which guide intuition where familiar cues are ambiguous. When the default is inappropriate, as it sometimes must be, the result is a cognitive illusion. In contrast to Kahneman & Tversky...
Persistent link: https://www.econbiz.de/10005703907
I introduce the notion of "neglect defaulting", which labels the propensity to neglect possibilities which are ordinarily sensibly neglected. In familiar contexts we are well-tuned to recognize when to override the default. But outside the range of familiar experience – here in the artificial...
Persistent link: https://www.econbiz.de/10005703916
This is a set of short papers commenting on the work on pivotal voting initiated by Austin-Smith & Banks (1996). It covers the ASB paper, plus a particularly prominent sequence of follow-on results by Feddersen & Pesendorfer (1996, 1998, 1999a, 1999b). The aim is to reproduce the results in a...
Persistent link: https://www.econbiz.de/10005703920
Levine & Palfrey's (2007) QRE account of turnout in large elections raises the broader question of how much of a departure from standard rational choice theory is justified by the considerable repertoire of rational choice anomalies that has accumulated since Downs and Olson half a century ago....
Persistent link: https://www.econbiz.de/10005703921