David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Mind and Society 4 (1):13-25 (2005)
Distortions in memory impose important bounds on rationality but have been largely disregarded in economics. While it is possible to learn, it is more difficult, and sometimes impossible, to unlearn. This retention effect lowers individual utility directly or via reduced productivity, and adds costs to principal-agent relationships. The engraving effect states that the more one tries to forget a piece of information the more vivid it stays in memory, leading to a paradoxical outcome. The effects are based on, and are supported by, psychological experiments, and it is shown that they are relevant in many economic situations and beyond
|Keywords||Memory Bounded rationality Learning Retention Ironic process theory Principal–agency theory|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Adam Kolber (2011). Give Memory-Altering Drugs a Chance. Nature 475 (7360):275-276.
Kourken Michaelian (2013). The Information Effect: Constructive Memory, Testimony, and Epistemic Luck. Synthese 190 (12):2429-2456.
Paul A. Klaczynski (2000). Is Rationality Really “Bounded” by Information Processing Constraints? Behavioral and Brain Sciences 23 (5):683-684.
Russell J. A. Kilbourn (2010). Cinema, Memory, Modernity: The Representation of Memory From the Art Film to Transnational Cinema. Routledge.
Tahseen Béa (2008). Memory of Touch. International Studies in Philosophy Monograph Series:5-82.
Adam Morton (2010). Human Bounds: Rationality for Our Species. Synthese 176 (1):5 - 21.
Thomas Ågotnes & Dirk Walther (2009). A Logic of Strategic Ability Under Bounded Memory. Journal of Logic, Language and Information 18 (1):55-77.
Christopher Cherniak (1983). Rationality and the Structure of Memory. Synthese 57 (November):163-86.
Hans K. Hvide (1999). Bounds to Memory Loss. Theory and Decision 46 (1):1-21.
Added to index2010-08-10
Total downloads6 ( #462,040 of 1,902,168 )
Recent downloads (6 months)2 ( #346,051 of 1,902,168 )
How can I increase my downloads?