Advantages of Cognitive Limitations
AbstractBeing a product of evolutionary pressures, it would not be surprising to find that what seems to be a limitation of the cognitive system is actually a fine-tuned compromise between a set of competing needs. This thesis is demonstrated using the case of the limited capacity of short-term memory, which is often regarded as the prime example of a cognitive limitation.
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Bibliographic InfoPaper provided by The Center for the Study of Rationality, Hebrew University, Jerusalem in its series Discussion Paper Series with number dp611.
Length: 32 pages
Date of creation: Jun 2012
Date of revision:
Publication status: Forthcoming in Hammerstein, P. and J. R. Stevens, eds. 2012. Evolution and the Mechanisms of Decision Making. Strungmann Forum Reports, vol. 11. Cambridge, MA: MIT Press (due out October, 2012).
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-08 (All new papers)
- NEP-CBE-2012-07-08 (Cognitive & Behavioural Economics)
- NEP-HPE-2012-07-08 (History & Philosophy of Economics)
- NEP-NEU-2012-07-08 (Neuroeconomics)
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