chapter  11
41 Pages

For a "cognitive program": explicit mental representations for Homo Oeconomicus (the case of trust): Cristiano Castelfranchi

No simplified and formal theory ofmind is tenable without some explicit account of the beliefs of the agent and of her motives and goals (including the beliefs and goals about the mind of the other). I will claim that subjective probability cannot replace an analytic account of the agent's beliefs and expectations. For example, a cognitive approach to trust - which notoriously is such a fundamental attitude in economics and in society - cannot be reduced to or replaced by subjective expected probability of the favorable event. Analogously, utility value cannot reduce or substitute the specific and multiple desires and goals that motivate and reward the agent.