Search

Influencing the future – The daily blog of behavioral and cognitive economics

  • Share this:
Influencing the future – The daily blog of behavioral and cognitive economics

Cultural Rationality

In our standard model of natural selection, organisms encode stable behavioral strategies, and pass those encodings on to their kids, only some of whom manage to make more kids, causing a drift over time toward strategies that tend to promote successful reproduction. In our standard model of decision theory, agents have fixed preferences, start with “prior” beliefs, update those beliefs based on info observed, and then pick the actions that max expected preferences. Culture is humanity’s superpower, and in our best models of culture, humans combine these two approaches. ….[READ]

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by budgetbuddy.
Publisher: Source link