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Rationality Concepts in Environmental Valuation

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Book Series: Hohenheimer volkswirtschaftliche Schriften ISBN: 9783631573365 Year: Pages: 255 DOI: 10.3726/b14029 Language: English
Publisher: Peter Lang International Academic Publishing Group
Subject: Environmental Sciences --- Economics
Added to DOAB on : 2019-01-15 13:32:19
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Survey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents’ rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a more realistic view of rationality accounting for respondents’ limited capacities to process information. Based on cognitive psychology a technique to detect and analyze the bounds of rationality inherent in WTP statements is developed. Using an empirical example, the influence of bounded rationality on the validity of CVM results is analyzed. It is shown that individual differences in information processing play a major role. From these results recommendations for future survey design are developed.

Embodied Cognition over the Lifespan and in Applied Settings

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Book Series: Frontiers Research Topics ISSN: 16648714 ISBN: 9782889454921 Year: Pages: 293 DOI: 10.3389/978-2-88945-492-1 Language: English
Publisher: Frontiers Media SA
Subject: Science (General) --- Psychology
Added to DOAB on : 2019-01-23 14:53:42
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While Embodied Cognition has now been accepted as mainstream in Cognitive Science, the study of its potential contribution to understding child developemnt and ageing, as well as its potential applications, is still in its infancy. This collection of articles explores the contribution of Embodied Cognition to studying the lifespan and potential applied fields. The contributions are theoretical and empirical and offer an important framework for future research and its applications.

Representation in the Brain

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Book Series: Frontiers Research Topics ISSN: 16648714 ISBN: 9782889455966 Year: Pages: 147 DOI: 10.3389/978-2-88945-596-6 Language: English
Publisher: Frontiers Media SA
Subject: Science (General) --- Psychology
Added to DOAB on : 2019-01-23 14:53:43
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This eBook contains ten articles on the topic of representation of abstract concepts, both simple and complex, at the neural level in the brain. Seven of the articles directly address the main competing theories of mental representation – localist and distributed. Four of these articles argue – either on a theoretical basis or with neurophysiological evidence – that abstract concepts, simple or complex, exist (have to exist) at either the single cell level or in an exclusive neural cell assembly. There are three other papers that argue for sparse distributed representation (population coding) of abstract concepts. There are two other papers that discuss neural implementation of symbolic models. The remaining paper deals with learning of motor skills from imagery versus actual execution. A summary of these papers is provided in the Editorial.

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2018 (3)