Related Experiment Video
Updated: Jan 25, 2026

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
Folk-economics: Inherited biases or misapplication of everyday experience?
1Department of Philosophy,University College Cork,Cork T12 AW89,Ireland.
Abstract:
Evidence for an EEA-derived domain-specific inference system must point to an active, latent representational structure. Otherwise we need to hypothesize only passive, virtual belief not over-ridden on the basis of the individual's experience. The folk economic beliefs identified by Boyer & Petersen (B&P), being with one exception about macroeconomics, might be virtual beliefs that people extrapolate across the micro-macro scale shift based on their experiences with markets.
Related Concept Videos
Genomic Imprinting and Inheritance
The expression of some genes depends on which parent passed the gene to the offspring, through a phenomenon known as...
Chromosomal Theory of Inheritance
Confirmation Biases
Inheritance of Chromatin Structures
Hindsight Biases
Non-nuclear Inheritance

