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Mindspongeconomics

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  • Khuc, Quy Van

Abstract

Mindspongeconomics (mindspongecon) is a social science theory that studies decision-making processes that are based on the think-absorb-eject mechanism with the input being information particles from the living environment. Mindspongecon is a combination and expansion of the mindsponge theory and behavioral economics. This is a filter-based information processing system with an evaluation mechanism linked to pre-set core values. These values and the information received are the basis for actors such as individuals, households, businesses and governments to compare and evaluate, and ultimately to make decisions. The speed of this decision-making process depends on the information processing speed, and the clarity, detail, and priority of core values in their mindset/perception

Suggested Citation

  • Khuc, Quy Van, 2022. "Mindspongeconomics," OSF Preprints hnucr, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:hnucr
    DOI: 10.31219/osf.io/hnucr
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    References listed on IDEAS

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    1. Richard E. Just & Darell L. Hueth & Andrew Schmitz (ed.), 2008. "Applied Welfare Economics," Books, Edward Elgar Publishing, number 12892.
    2. Vuong, Quan-Hoang, 2022. "A New Theory of Serendipity: Nature, Emergence and Mechanism," OSF Preprints t8ahv, Center for Open Science.
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