Cognitive economics: Difference between revisions
wikademia>Eme Created page with 'How do human's thoughts affect their economic decisions? If someone thinks, "I like this car, I want this car, I have money to buy this car", then they are more likely to think…' |
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If someone thinks, "I like this car, I want this car, I have money to buy this car", then they are more likely to think and then act upon the thought of "I am going to buy this car". | If someone thinks, "I like this car, I want this car, I have money to buy this car", then they are more likely to think and then act upon the thought of "I am going to buy this car". | ||
==Theory== | |||
Thoughts drive the actions of humans. | |||
Business decisions are often made using statistical analysis. | |||
What things to analyze statistically are derived from thoughts and cognitions. | |||
What purchases to make are driven by cognitions. | |||
What to do, how to spend one's time is determined by motivation, emotions, and cognitions. | |||
When humans spend time, often they spend money to fill that time - to purchase entertainment... gasoline, and so on... | |||
==See also== | ==See also== | ||
* [[Emotional economics]] | * [[Emotional economics]] | ||
* [[Behavioral economics]] | * [[Behavioral economics]] | ||
[[Category:Economics]] | |||
Latest revision as of 08:54, 11 October 2010
How do human's thoughts affect their economic decisions?
If someone thinks, "I like this car, I want this car, I have money to buy this car", then they are more likely to think and then act upon the thought of "I am going to buy this car".
Theory
Thoughts drive the actions of humans.
Business decisions are often made using statistical analysis.
What things to analyze statistically are derived from thoughts and cognitions.
What purchases to make are driven by cognitions.
What to do, how to spend one's time is determined by motivation, emotions, and cognitions.
When humans spend time, often they spend money to fill that time - to purchase entertainment... gasoline, and so on...