Economic Choice as a Selective Process (The Structural Project I)

2020 ◽  
pp. 37-66
Author(s):  
Armin W. Schulz
1984 ◽  
Vol 5 (4) ◽  
pp. 51-54
Author(s):  
Florence E. Babb ◽  
Gabriela Nunez
Keyword(s):  

1986 ◽  
Author(s):  
Harland Wm. Whitmore
Keyword(s):  

2020 ◽  
Vol 2 (9) ◽  
pp. 32-35
Author(s):  
Z. A. IVANOVA ◽  
◽  
E. V. LEBEDEVA ◽  

In the article the authors consider numerous economic goals with limited resources, reveal the difficulties and obstacles in matters of economic choice. Difficulties in choosing the best of the opposite options for their use, which ensures maximum satisfaction of needs.


Author(s):  
Hyung Soo Lim ◽  
Duk Bin Jun ◽  
Dong Soo Kim ◽  
Yun Shin Lee

2018 ◽  
Vol 71 (8) ◽  
pp. 1734-1747
Author(s):  
Danielle J Green ◽  
Alison Harris ◽  
Aleena Young ◽  
Catherine L Reed

We have a lifetime of experience interacting with objects we value. Although many economic theories represent valuation as a purely cognitive process independent of the sensorimotor system, embodied cognitive theory suggests that our memories for items’ value should be linked to actions we use to obtain them. Here, we investigated whether the value of real items was associated with specific directional movements toward or away from the body. Participants priced a set of food items to determine their values; they then used directional actions to classify each item as high- or low-value. To determine if value is linked to specific action mappings, movements were referenced either with respect to the object (push toward high-value items; pull away from low-value items) or the self (pull high-value items toward self; push low-value items away). Participants who were assigned (Experiment 1) or chose (Experiment 2) to use an object-referenced action mapping were faster than those using a self-referenced mapping. A control experiment (Experiment 3) using left/right movements found no such difference when action mappings were not toward/away from the body. These results indicate that directional actions toward items are associated with the representation of their value, suggesting an embodied component to economic choice.


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