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Why lay social representations of the economy should count in economics

机译:为什么要奠定经济的社会代表性应该计入经济学

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We consider the potentially major role of lay economic representations in economic theoretical modelling. Departing both from the rational expectation hypothesis, that supposes a maximal cognitive fit between agents' representations and the variables in the model, and from an approach in terms of psychological biases that would externally affect agents'representation of their environment, we consider that lay representations have essential features that make them potentially valuable tools for the reconciliation of normative and practical perspectives in macroeconomics. By reviewing a series of studies in the sub-field of the psychology of lay economics, we first emphasize the collective and pragmatically-oriented features of these lay economic representations. We thereby uncover the major role of language and meaning, seemingly non-economic human institutions, in laying down the basis for economic understanding. Secondly, we directly address the question of the internal logic and cognitive features of these representations and uncover/in uncovering typical circular causal reasoning in lay macroeconomics. We finally re-assess the question of the maximal fit between ordinary economic psychology and predictive economic modelling.
机译:我们考虑了外行经济表示在经济理论建模中的潜在主要作用。不同于理性预期假设(假设代理表示与模型中的变量之间具有最大的认知契合度),以及不同于心理偏见的方法,该方法会从外部影响代理对其环境的表示,我们认为是外在表示具有必不可少的功能,使其成为潜在的有价值的工具,可用于协调宏观经济学中的规范性和实践性观点。通过回顾非常规经济学心理学领域的一系列研究,我们首先强调这些非常规经济学表示形式的集体性和实用性。因此,我们发现语言和意义(似乎是非经济的人类机构)在奠定经济理解的基础方面的主要作用。其次,我们直接解决这些表示的内部逻辑和认知特征的问题,并揭示/揭示非常规宏观经济学中典型的循环因果推理。最后,我们重新评估了普通经济心理学与预测经济模型之间的最大拟合问题。

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