Ph.D. Program in Cognitive Sciences

  Course: Cognitive Economics

  Dottorato di ricerca in Logica, Informatica e Scienze Cognitive

  Modulo Economia cognitiva

Introduction to Cognitive Economics
 

Alessandro Innocenti
innocenti@unisi.it

Index  

1.      Cognitive and behavioural economics

2.      Experimental economics

2.1              Laboratory methods

2.2              Biases in judgment

2.3              Choice under risk and uncertainty

2.4              Choice anomalies

3.      Constructive reactions

3.1              Prospect theory

3.2              Connessionism and neural networks

3.3              Artificial intelligence

4.      Neuroeconomics

4.1              Definitions and tools

4.2              Intertemporal Choice and self-control

4.2              Decision-making under risk and uncertainty

4.3              Mirror neurons and strategic choice

4.4              Trust game and brain activation

4.5              Oxytocin and trusting behavior

  Main References

  Arthur, W. Brian, “Designing Economic Agents that Act like Human Agents: A Behavioral Approach to Bounded Rationality”, The American Economic Review , 81, 1991 pp. 353-391.

  Bechara, A., Damasio, H., Tranel, D., & Damasio, A. (1997). “Deciding advantageously before knowing the advantageous strategy”,Science, 275, 1293–1295.

  Camerer, Colin F., Behavioral Game Theory. Experiments in Strategic Interaction, New York and Princeton University Press, Princeton, 2003.

  Camerer, Colin - Loewenstein, George, “Behavioral Economics: Past, Present and Future”, 2002

  Camerer, Colin - Loewenstein, George- Prelec, Drazen, “Neuroeconomics: How Neuroeconomics can inform economics”, 2003

  Davis, Douglas D. -  Holt, Charles A., Experimental Economics, Princeton University Press, Princeton, 1993.

  Friedman, Daniel - Cassar, Alessandra. Economics Lab. An intensive course in experimental economics, Routledge, London and New York, 2004.

  Jones, Martin - Sudgen, Robert, “Positive confirmation bias in the acquisition of information”,Theory and Decision, 50, 2001, 59-99

  Kagel, John H. - Roth, Alvin E., The Handbook of Experimental Economics, Princeton University Press, Princeton, 1997.

  Kahneman, Daniel - Tversky, Amos, “Prospect Theory: An Analysis of Decision under Risk”, Econometrica, 47, 1979, 263- 91

   Kenning, Peter – Plassman, Hilke, “Neuroeconomics“, University of Munster, 2005

  Kosfeld, Michael - Heinrichs, Markus - Zak, Paul J. – Fischbacher, Urs – Fehr, Ernst, “Oxytocin increases trust in humans“ Nature, 2005

  McCabe, Kevin - Houser, Daniel -  Ryan, Lee -  Smith, Vernon – Trouard, Theodore, ”A functional imaging study of cooperation in two-person reciprocal exchange” Proc. Nat. Ac. Sci. USA  2001

  Rustichini, Aldo, “Neuroeconomics: Present and Future”, Games and Economic Behavior, 52, 2005, 201-212

  Smith, Vernon, “Economics in the Laboratory”, Journal of Economic Perspectives, 8, 1994, 113-131.

  van Dijk, Eric - van Knippenberg, Daan, “Buying and selling exchange goods: Loss aversion and the endowment effect”, Journal of Economic Psychology, 17 (1996) 517-524.