The Cognitive Basis of Institutions
A Synthesis of Behavioral and Institutional Economics
Series: Perspectives in Behavioral Economics and the Economics of Behavior;
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Product details:
- Publisher Elsevier Science
- Date of Publication 20 February 2018
- ISBN 9780128120231
- Binding Paperback
- No. of pages366 pages
- Size 228x152 mm
- Weight 450 g
- Language English 0
Categories
Long description:
The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics synthesizes modern research in behavioral economics with traditional institutional economics. This work emphasizes that institution and agent are inextricably linked, and that both cognitive and institutional processes coalesce to influence human decision-making. It integrates cognition and institution through the behavioral economics theoretical lens of bounded rationality. Methodologically, it develops game-theoretical, complexity and neuroeconomic solutions to unite study of the two areas. The work concludes by proposing general implications for the economic study of decisions using the cognitive-institutional approach, also providing specific recommendations for public policy.
MoreTable of Contents:
1. Introduction: What Are Institutions?2. Institutions and the Economics of Behavior I3. Institutions and the Economics of Behavior II4. Why Bounded Rationality?5. Emergence of Prosocial Behavior6. Cognition and Order7. Society and Knowledge8. Understanding Institutional Evolution
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