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Emergence and Embodiment in Economic Modeling.

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This study explores modeling human behavior by integrating physical principles with concepts of complexity, emergence, and embodiment. Understanding these factors enhances our models of human action across different scientific realms.

Keywords:
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Area of Science:

  • Interdisciplinary science
  • Cognitive science
  • Behavioral economics

Background:

  • Established disciplinary boundaries can limit scientific insights.
  • Bounded rationality and extended cognition offer new perspectives.
  • Current models often struggle to capture the full complexity of human behavior.

Purpose of the Study:

  • To explore gains in modeling human action using a three-tier scientific inquiry framework (physical, biological, socio-psychological).
  • To investigate the application of physical principles like optimization to human behavior.
  • To examine the roles of complexity, emergence, and embodiment in understanding human action.

Main Methods:

  • Constructive and exploratory approach to scientific inquiry.
  • Utilizing a three-tier framework: physical, biological, and socio-psychological realms.
  • Applying concepts of complexity, emergence, and embodiment for modeling.

Main Results:

  • Complexity and emergence explain the lack of direct micro-to-macro mappings in human behavior.
  • Embodiment broadens the scope of explanatory factors in behavioral models.
  • A unified framework integrating physical principles with broader concepts enhances human action modeling.

Conclusions:

  • Integrating physical principles with complexity, emergence, and embodiment offers a powerful approach to modeling human behavior.
  • This interdisciplinary framework advances understanding across physical, biological, and socio-psychological domains.
  • Embodiment and emergence are complementary concepts crucial for comprehensive behavioral science.