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Folk-economics: Inherited biases or misapplication of everyday experience?

Published online by Cambridge University Press:  30 August 2018

Don Ross*
Affiliation:
Department of Philosophy, University College Cork, Cork T12 AW89, Ireland. School of Economics, University of Cape Town, Private bag, Rondebosch 7701, South Africa. don.ross931@gmail.comhttp://uct.academia.edu/DonRoss Center for Economic Analysis of Risk, Georgia State University, J. Mack Robinson College of Business, Atlanta, GA 30303.

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.

Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2018 

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References

Fodor, J. (1983) The modularity of mind. MIT Press.Google Scholar
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