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| http://dx.doi.org/10.3389/fpsyg.2018.01120 | DOI Listing |
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Commentary: Folk-Economic Beliefs: An Evolutionary Cognitive Model.
Front Psychol
June 2018
Department of Management, Aarhus University, Aarhus, Denmark.
Zero-sum thinking and economic policy.
Behav Brain Sci
January 2018
Department of Economics, Emory University,Atlanta,GA
A main tenet of folk economics is the assumption that the world is zero-sum. Many implications stem from this assumption. These include: beliefs regarding taxation; beliefs regarding economic regulation; beliefs regarding inequality; and the core of Marxist economics.
View Article and Find Full Text PDFDo the folk actually hold folk-economic beliefs?
Behav Brain Sci
January 2018
ARC Centre of Excellence in Cognition and its Disorders,Department of Psychology, Royal Holloway University of London,Egham,Surrey TW20 0EX,United
Boyer & Petersen (B&P) argue that folk-economic beliefs are widespread - shaped by evolved cognitive systems - and they offer exemplar beliefs to illustrate their thesis. In this commentary, we highlight evidence of substantial variation in one of these exemplars: beliefs about immigration. Contra claims by B&P, we argue that the balance of this evidence suggests the "folk" may actually hold positive beliefs about the economic impact of immigration.
View Article and Find Full Text PDFThe challenge of accounting for individual differences in folk-economic beliefs.
Behav Brain Sci
January 2018
Department of Psychology, Cornell University,Ithaca,NY
We argue that existing data on folk-economic beliefs (FEBs) present challenges to Boyer & Petersen's model. Specifically, the widespread individual variation in endorsement of FEBs casts doubt on the claim that humans are evolutionarily predisposed towards particular economic beliefs. Additionally, the authors' model cannot account for the systematic covariance between certain FEBs, such as those observed in distinct political ideologies.
View Article and Find Full Text PDFEconomic complexities and cognitive hurdles: Accounting for specific economic misconceptions without an ultimate cause.
Behav Brain Sci
January 2018
Department of Psychology, Ben-Gurion University of the Negev,Be'er Sheva
Do folk-economic beliefs have an ultimate cause? We argue that, in many cases, the answer is negative. Cognition is constrained in both scope (via long-term memory [LTM]) and depth (via working memory [WM]). Consequently, laypeople are challenged by concepts essential for understanding complex systems, economics included: aggregation, indirect causation, and equilibrium.
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