Toward a cognitive science of markets: economic agents as sense-makers

HIGHLIGHTS

• who: Johnson and Sam from the GB, University of Bath School of Management, UK have published the research work: Toward a cognitive science of markets: economic agents as sense-makers, in the Journal: (JOURNAL)
• what: Most of the time, biased-butreasonable inferences are better than no inferences at all, and the authors have a set of heuristics that work reasonably well for hypothesis-inference problems despite a distinct lack of optimality. This work has supported a number of insights broadly consistent with the more qualitative research mentioned above.
• future: In the early hours . . .
  

   

  

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