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

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 &...

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Bibliographic Details
Published inThe Behavioral and brain sciences Vol. 41; p. e184
Main Author Ross, Don
Format Journal Article
LanguageEnglish
Published New York, USA Cambridge University Press 2018
Subjects
Cognitive ability
Economics
Hypotheses
Macroeconomics
Microeconomics
Open Peer Commentary
Smith, Adam (1723-1790)
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Summary: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.
Bibliography:ObjectType-Article-2
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ISSN:0140-525X
1469-1825
DOI:10.1017/S0140525X1800050X