Social Transmission Bias and the Cultural Evolution of Folk Economic Beliefs
5 Pages Posted: 2 Apr 2018
Date Written: December 10, 2017
Evolved dispositions influence, but do not determine, how people think about economic problems. The evolutionary cognitive approach offers important insights, but underweights the social transmission of ideas as a level of explanation. The need for a social explanation for the evolution of economic attitudes is evidenced, for example, by immense variations in folk economic beliefs over time and across individuals.
Keywords: folk economic beliefs, social transmission bias, cultural evolution
JEL Classification: D03, H00, K00, M00, P00
Suggested Citation: Suggested Citation