Abstract

Mindspongeconomics (mindspongecon) is a social science theory (a new type of economics) 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 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, evaluate, and ultimately make decisions. The speed of this decision-making process depends on the speed of information processing and the clarity, detail, and priority of core values in their mindset or perception.