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Updated: Jan 25, 2026

Assessment and Communication for People with Disorders of Consciousness
Published on: August 1, 2017
People are intuitive economists under the right conditions
1Department of Humanities and Social Sciences,Rose-Hulman Institute of Technology,Terre Haute,IN 47803.jern@rose-hulman.eduhttps://wordpress.rose-hulman.edu/jern/.
Abstract:
Boyer & Petersen (B&P) argue that a "rudimentary exchange psychology" is responsible for many of people's folk-economic beliefs that are at odds with the consensus views of economists. However, they focus primarily on macroeconomic beliefs. I argue that the same rudimentary exchange psychology could be expected to produce fairly accurate microeconomic intuitions. Existing evidence supports this prediction.
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