Related Experiment Video
Updated: Jan 25, 2026

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
Economic complexities and cognitive hurdles: Accounting for specific economic misconceptions without an ultimate
David Leiser1, Yhonatan Shemesh1
1Department of Psychology,Ben-Gurion University of the Negev,Be'er Sheva 8410501,Israel.dleiser@bgu.ac.ilshemeyh@bgu.ac.ilwww.bgu.ac.il/~dleiser.
Abstract:
Do folk-economic beliefs have an ultimate cause? We argue that, in many cases, the answer is negative. Cognition is constrained in both scope (via long-term memory [LTM]) and depth (via working memory [WM]). Consequently, laypeople are challenged by concepts essential for understanding complex systems, economics included: aggregation, indirect causation, and equilibrium. We discuss several economic misconceptions arising from this acute mismatch.
More Related Videos
13:20Online Repetitive Transcranial Magnetic Stimulation of Dorsomedial and Dorsolateral Prefrontal Cortex in Cognition Decision Making, and Cognitive Dissonance
Published on: December 5, 2025
10:08An Economical and Versatile High-Throughput Protein Purification System Using a Multi-Column Plate Adapter
Published on: May 21, 2021
Related Concept Videos
Cognitive Dissonance
Accountability and Responsibility of a Nurse II
For example, a nurse demonstrating respect and compassion might listen attentively to a patient's concerns, provide...
Accountability and Responsibility of a Nurse I
Protein Complex Assembly
Many viruses self-assemble into a fully functional unit using the infected host cell to...
Language and Cognition
Cognitive Therapy