, The economic imagination and the tacit dimensionThe Sensory Order

摘要: Purpose – This paper examines Hayek's view of the mind to see if it provides a useful and unifying foundation for understanding both deliberative choices that involve conscious information processing (the ‘economic imagination’) are not determined by processes such as those involving ‘gut feelings’ or knowledge chooser is unable articulate ‘tacit dimension’). Methodology/approach The analyses from standpoint evolutionary economics biology. Because significance pattern detection in analysis, parallels with key ideas personal construct psychology artificial intelligence. As well exploring advantages behavior based on programmed responses particular patterns, also explores possible neural origins dysfunctional heuristics biases. Findings theory foundations analyzing choice evolving, pluralistic context-based manner rather than seeing all made much same way basis ‘given preferences’ obey axioms rational theory. His complements work psychological Kelly's psychology, cognitive dissonance Maslow's hierarchy needs. analysis leads questions being raised about conventional faith notion diminishing marginal rate substitution. Originality/value shows how very different ways choosing can be understood terms mind.