COGNITIVE PERFORMANCE AND LABOR MARKET OUTCOMES: EVIDENCE FROM THE U.S.

AuthorSponte, Maria "Pistalu"
PositionReport
  1. Introduction

    Cognitive economics endeavors to connect two levels of intricacy: the one of cognitive phenomena as investigated and examined by cognitive science, and the one of shared phenomena constructed by the economic interplays between participants whose coherence is bounded and practical (Bargigli and Tedeschi, 2014), and who embrace underlying forces of adjustment (Zhao and Duan, 2014) to meet separate and shared limitations. (Bourgine, 2004)

  2. Literature Review

    Cognitive principles may be applied to the fundamental economic entities with the aim of clarifying facts for which they are key components. Economic principles may be applied to participants' cognition, regarded as a limited resource (Dumas and Louche, 2016), to indicate how this undertaking is resourcefully handled. Cognitive economics is relevant to game theory and exchange economics, augmenting and alleviating the established view of game theory, that is planned bilateral interplays between indistinguishable participants in a non-institutional setting, and being instrumental in and adjusting the standard approach of exchange theory (Tang and Tang, 2014), restricted to economics, that is passive networks of products (Barnett, 2017) between specific participants moderated by the market. (Walliser, 2008)

  3. Methodology

    Using data from Current Population Survey, Educational Testing Service, Federal Reserve Bank of St. Louis, GSV Advisors, Labor Department, Pew Research Center, and The Wall Street Journal, I performed analyses and made estimates regarding the percentage of workers in each group who are very/ somewhat concerned about losing their current jobs, the unemployment rate (routine vs. nonroutine, cognitive vs. manual), the percentage of the U.S. population who believes that people can be trusted by highest level of educational attainment, U.S. productivity and jobs, and U.S. venture-capital and growth investments in education, and clarified that cognitive economics intends to consider the cognitive mechanisms of people in economic doctrine on the levels of the participants (Noble, 2015) and of their active interplays (Andrei et al., 2016a) and the subsequent shared phenomena.

  4. Results and Discussion

    Cognitive economics considers the cognitive mechanisms of people in economic doctrine on the levels of the participants and of their active interplays and the subsequent shared phenomena. Individual participants hold flawed, partial information and principles that they...

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