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Folk-economics: Inherited biases or misapplication of everyday experience?

Published online by Cambridge University Press:  30 August 2018

Don Ross
Don Ross*
Affiliation:
Department of Philosophy, University College Cork, Cork T12 AW89, Ireland. School of Economics, University of Cape Town, Private bag, Rondebosch 7701, South Africa. don.ross931@gmail.comhttp://uct.academia.edu/DonRoss Center for Economic Analysis of Risk, Georgia State University, J. Mack Robinson College of Business, Atlanta, GA 30303.
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Abstract

Evidence for an EEA-derived domain-specific inference system must point to an active, latent representational structure. Otherwise we need to hypothesize only passive, virtual belief not over-ridden on the basis of the individual's experience. The folk economic beliefs identified by Boyer & Petersen (B&P), being with one exception about macroeconomics, might be virtual beliefs that people extrapolate across the micro–macro scale shift based on their experiences with markets.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 41 , 2018 , e184
Copyright
Copyright © Cambridge University Press 2018 

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References

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