Entrenched Patterns of Hot Cognition May Explain Stubborn Attributes of the Economic Landscape
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Abstract
Some of the most stubborn attributes of the economic landscape, especially those that pertain to gender inequality in the workplace, in the labour market, and in entrepreneurial ventures, may be traced back to a fundamental cause that underpins a large part of the variance of everyday microeconomic behavior: because of genetic and developmental processes, people become entrapped into stable patterns of affective reasoning (or hot cognition), which generate profound consequences for their behavioral styles as economic agents. In this paper I upgrade earlier ideas from psychoanalysis, by bringing them into dialogue with recent findings from affective neuroscience and neuroeconomics, to propose a typology of patterns of affective reasoning and to suggest ways in which they may begin to explain widely recognized inequalities in economic performance.
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