A laboratory experiment was performed as replication of the original one created by M. Cohen and P. Bacdayan at Michigan University. It consists in a twopersons card game played by a large number ofâ€¦ (More)

This paper deals with the development of a mathematical theory for complex socio-economical systems. The approach is based on the methods of the mathematical kinetic theory for active particles,â€¦ (More)

This paper presents a preliminary investigation of the relationship between the process of functional division of labour and the modes in which activities and plans are coordinated. We consider aâ€¦ (More)

The paper develops a theory of biases in decision making. Discovering a strategy for solving a game is a complex problem that may be solved by decomposition; a player decomposing a problem into manyâ€¦ (More)

This paper addresses the problem of division of labour as an evolutionary process in which co-ordinated agents attempt problem-solving as a search in problem space. Co-ordination stress and learningâ€¦ (More)

â€œModern mainstream economic theory is largely based on an unrealistic picture of human decision making. Economic agents are portrayed as fully rational Bayesian maximizers of subjective utility. Thisâ€¦ (More)

,QWURGXFWLRQ %DUUDFXGDVVDURXQGGWKHH5HHI "How they do it? The question occurs naturally to anyone watching a school of silversides moving slowly over a reef in clear tropical waters. Hundreds of smallâ€¦ (More)

Schumpeter's theory of democracy can be read through the lens of the cognitive approach to rationality. Schumpeter himself constructed his theory on the basis of his (neglected) conception ofâ€¦ (More)