While decision theories have evolved over the past five decades, their focus has largely been on choices among a limited number of discrete options, even though many real-world situations have a continuous-option space. Recently, theories have attempted to address decisions with continuous-option spaces, and several computational models have been proposed within the sequential sampling framework […]

Cognitive economics is an emerging interdisciplinary field that uses the tools of cognitive science to study economic and social decision-making. Although most strains of cognitive economics share commitments to bridging levels of analysis (cognitive, behavioral, and systems) and embracing interdisciplinary approaches, we review a newer strand of cognitive economic thinking with a further commitment: conceptualizing […]

For decades, cognitive scientists have debated what kind of representation might characterize human concepts. Whatever the format of the representation, it must allow for the computation of varied properties, including similarities, features, categories, definitions, and relations. It must also support the development of theories, ad hoc categories, and knowledge of procedures. Here, we discuss why […]