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Titlebook: Cognitive Economics; Bernard Walliser Book 2008 Springer-Verlag Berlin Heidelberg 2008 Action.Belief Revision.Belief Structure.Cognitive E

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Dagmar C. Unz,Joanne Capstick,Gregor Erbachtes and his own past results. His deliberation process is adapted to the dynamic context: instrumental rationality thanks to the ‘backward induction’ procedure and cognitive rationality according to the ‘forward induction’ principle. Since information is used by the decision-maker for revising his r
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https://doi.org/10.1007/978-3-322-91623-5exchange of information. The receiver may be worse off after receiving a (true) piece of information from outside sources and is only guaranteed an improvement under specific circumstances. The sender may be better off keeping his private information to himself, and therefore preventing the communic
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https://doi.org/10.1007/978-3-642-25470-3ndogenously by its institutional one. It is transformed by a process of co-evolution between its physical sphere and its psychical sphere, in which boundedly rational agents follow self-organizing mechanisms. In particular, the transmission ofinformation and the accumulation of knowledge explain the
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Introduction,ndividual rationality and collective equilibrium. On the one hand, individual behavior appears to be too idealized, since it attributes perfectly rational behavior to an actor without making explicit the process of mental deliberation on which it is grounded. On the other hand, collective equilibriu
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Structure of individual beliefs,wn characteristics. These beliefs, expressed in a linguistic form, are evaluated in terms of their internal logical consistency, but even more in terms of their external suitability to the gathered information. The actor’s view of the system is evaluated by reference to the modeler’s view, which inc
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Change of individual beliefs,ources. belief change ensures both the internal coherence between beliefs and message and the external appropriateness of beliefs to the represented system, since the message is generally considered as true. A fruitful analogy can be drawn between the actor’s rules of belief change and the epistemol
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Dynamic action and belief revision,tes and his own past results. His deliberation process is adapted to the dynamic context: instrumental rationality thanks to the ‘backward induction’ procedure and cognitive rationality according to the ‘forward induction’ principle. Since information is used by the decision-maker for revising his r
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