Cognitive Limitations: Failures of Contingent Thinking
总结了条件性思维失败(FCT)的关键实验发现,阐明其构成,并探讨如何在其他环境中测试,最后将FCT与行为经济学中的认知局限理论及实际应用中的次优行为联系起来。
In recent years, experiments have documented a new mechanism that leads to failures of profit maximization: the failure of contingent thinking (FCT). This article summarizes key experimental findings, clarifies what constitutes an FCT, and outlines how FCTs can be tested in other environments. Subsequently, we relate FCTs to recent theoretical work on cognitive limitations in behavioral economics. Finally, we connect FCTs to suboptimal behavior documented in applied environments.