Samuel G B Johnson, Patrick R Schotanus, J A Scott Kelso
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Minds and markets as complex systems: an emerging approach to cognitive economics.
Cognitive economics is an emerging interdisciplinary field that uses the tools of cognitive science to study economic and social decision-making. Although most strains of cognitive economics share commitments to bridging levels of analysis (cognitive, behavioral, and systems) and embracing interdisciplinary approaches, we review a newer strand of cognitive economic thinking with a further commitment: conceptualizing minds and markets each as complex adaptive systems. We describe three ongoing research programs that strive toward these goals: (i) studying narratives as a cognitive and social representation used to guide decision-making; (ii) building cognitively informed agent-based models; and (iii) understanding markets as an extended mind - the Market Mind Hypothesis - analyzed using the concepts, methods, and tools of Coordination Dynamics.
期刊介绍：
Essential reading for those working directly in the cognitive sciences or in related specialist areas, Trends in Cognitive Sciences provides an instant overview of current thinking for scientists, students and teachers who want to keep up with the latest developments in the cognitive sciences. The journal brings together research in psychology, artificial intelligence, linguistics, philosophy, computer science and neuroscience. Trends in Cognitive Sciences provides a platform for the interaction of these disciplines and the evolution of cognitive science as an independent field of study.
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