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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.

The Behavioral and Brain Sciences
|May 9, 2019
PubMed
Summary

Folk economic beliefs may lack ultimate causes due to cognitive limits. Working memory and long-term memory constraints challenge understanding of economic concepts like aggregation and equilibrium.

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