Cognition, rationality, and institutions
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Cognition, rationality, and institutions
Springer, c2000
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"With 14 figures and 11 tables"
"Most of the contributions of this volume are revised versions of papers that have been presented at a symposium organized by the Max-Planck-Institute for Research into Economic Systems in Jena (Germany)." -- Preface
Includes bibliographical references
Description and Table of Contents
Description
Institutions are rules that are supported by various enforcement mechanisms. Cognition refers to the process of how men perceive and process information, whereas rationality refers to how these processes are modelled. Within institutional economics there is a growing scepticism towards extending the conventional economic frame of analysis to institutions. In particular, the notion of perfect rationality is increasingly questioned. At the same time human cognition has become a major field of research in psychology. This book explores what institutional economics can learn from cognitive psychology regarding the proper modelling of rationality in order to explain institutional change.
Table of Contents
Preface.- D. Kiwit, U. Mummert, M. Streit: Introduction and Overview.- Institutions and Cognition: J. Knight: Suboptimal and Social Institutions: The Relationship Between Cognition and Context.- P. de Vries: Comment.- D. Kiwit: Comment.- E. Schlicht: Patterned Variation. The Role of Psychological Dispositions in Social and Institutional Evolution.- B. Loasby: Comment.- U. Mummert: Comment.- S. Huck: Legal Design and the Evolution of Remorse.- T. Brenner: Comment.- Cognition and Rationality: B. Frey, I. Bohnet: Rent Leaving.- H. Geue: Comment.- A. Ortmann: Comment.- A. Ortmann, G. Gigerenzer: Reasoning in Economics and Psychology: Why Social Context Matters.- M. Pasche: Comment.- B. Priddat: Comment.- G. Handlbauer: Decision Making and Institutionalized Cognition.- R. Mayntz: Comment.- Rationality and Institutions: B. Chapman: Rationally Transparent Social Interactions.- T. Ulen: Comment.- J. Finch: Verstehen, Ideal Types and Situational Analysis for Institutional Economics.- L. Csontos: Comment.- H. Siegenthaler: Learning and its Rationality in a Context of Fundamental Uncertainty.- H. Hegmann: Comment.- T. Eggertsson: Comment.
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