economic subjects

The impact of cognitive distortions of economic development

The article studies cognitive distortions (illusions) and the possibilities of using cognitive and emotional factors to make decisions by different market actors in conditions of uncertainty. The theoretical foundations of the irrational behavior of economic actors, based on cognitive or social reasons, are highlighted. The authors note that the functioning of the cognitive sphere of a person is often accompanied by certain errors that are scientifically attributed to cognitive distortions in the rational behavioral paradigm that cause distortions in the perception of reality.