We investigate the relationship between subjective probabilities of future stock market returns and decisions about stockholding. Specifically, we examine whether acting upon subjective probabilities is confined to individuals with high cognitive skills. We explore this question using data from...

The paper discusses the relation between experimental economics and the cognitive approach, after having outlined the chief characteristics of the major lines of research in both areas, also with reference to the historical development and to methodological issues. Then the attention is focused...

Cognitive economics is the main pillar of the knowledge society. The concepts of cognition, evolution, interaction and institution should be considered in the comprehensive vision. In this paper, I promote the cognitive economics like consensual science. The compatibility between the Romanian...

We use cognitive economics tools, never mentioned before in Information systems studies, to provide an economic reinterpretation of case studies about coupling business process reengineering and ERP implementation. We set out its specificities and show the crucial significance of organizational...

Classical mathematical algorithms often fail to identify in time when the international financial crises occur although, as the classical theory of choice would suggest, the economic agents are rational and the markets are or should be efficient and behave also rationally. This contribution does...

Hayek's contribution to law has been criticized and disputed. This paper shares the opinion that the significance of Hayek's legal writings and their relevance to law and economics can only be understood by jointly analyzing his economic and legal theories. Moreover, I will argue that both...