Neuroeconomics unified the once disparate fields of economics and psychology. The central thesis of the paper is that the development of behavioral economics in important respects parallels the development of cognitive science – Neuroeconomics has inspired more change within economics than...

In what follows various econometric technique is applied to determine the source of consumption growth with historical retrospective to equity and real estate markets as well comparative analysis of US consumer and Chinese consumer is presented. Evidence supports the argument that consumption as...

This paper incorporates the phenomenon of tolerance into an economic analysis, showing how different attitudes to trust and cooperation can affect economic outcomes. In the economic system we propose, tolerance is associated with the different weight that agents attribute to their own nature and...