Cognitive economics is the economics of what is in people's minds. It is a vibrant area of research (much of it within behavioural economics, labour economics and the economics of education) that brings into play novel types of data, especially novel types of survey data. Such data highlight the importance of heterogeneity across individuals and highlight thorny issues for welfare economics. A ...

Psychological and sociological factors constrain economic decision-making in many contexts including the online world. In particular, uncertainty limits the optimising behaviour which is often the focus of economic models and so people will be forced to rely on simpler decision-making rules when managing information online. Behavioural economics and economic psychology emphasise that people wil...