updating beliefs: are economic agents inspired by rationalaction or according to oneshopes and fears?
Clicks: 78
ID: 203209
2004
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This
article has not been analysed, so there is no overall score —
reader engagement is measured and shown alongside.
Reader Engagement
Popular Article
23.1
/100
78 views
7 readers
AI Quality Assessment
Not analyzed
Readership in this journal
PopularRanked #83 of 106 articles by views in Frontiers in human neuroscience
Most read
Least read
Bar heights use a square-root scale.
Mint this article as an NFT
Not yet mintedCreate a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.
5
SUSD
one-off · no wallet required
Abstract
The purpose of this investigationwas to simulate a real life scenarioand explore the way economicagents update their beliefs. Do theyupdate according to what theyhope? Or do they update inspired byrational behavior?We mimicked the environment whicha recently high school graduate faceswhen entering college to see how astudent updates his beliefs in regardsto his classroom position. We exam-ined how economic agents envisagethemselves through and through col-lege and see if they update their be-liefs about a hypothesis A in the lightof new evidence B, or if they updatetheir beliefs subject to what theychoose they hope. In this sense weexplored the possibility of setting asidethe neoclassical assumption thatagents are anything more than hyperrational naïve optimizers acting on perfect (and in some cases, limited in-formation) in order to turn back to anolder tradition in economic theory, thatis agents are recognizably human.
| Reference Key |
gonzlez2004estudiosupdating
Use this key to autocite in the manuscript while using
SciMatic Manuscript Manager or Thesis Manager
|
|---|---|
| Authors | ;Natalia González;Sachiko Fukano;Edgar Orlando Benitez |
| Journal | Frontiers in human neuroscience |
| Year | 2004 |
| DOI |
DOI not found
|
| URL | |
| Keywords |
Citations
No citations found. To add a citation, contact the admin at info@scimatic.org
Comments
No comments yet. Be the first to comment on this article.