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Can I read The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics (Perspectives in Behavioral Economics and the Economics of Behavior) on EtoBox?
The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics (Perspectives in Behavioral Economics and the Economics of Behavior) by Shinji Teraji is a nonfiction available to read on EtoBox.
What is The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics (Perspectives in Behavioral Economics and the Economics of Behavior) about?
Societies display large differences in economic performance. The institu- tional characteristics of societies underlie these differences. From a cognitive viewpoint, this book asks: what are institutions and how do they evolve? The book highlights some basic mechanisms of interaction between mental phe- nomena and institutions. Understanding institutions is ultimately about understanding how we think. Institutions are a matter of the mind. The mind is not a completely exter- nal object of analysis. Behavioral decision theory can enhance the analysis of institutional features. Since institutions are composed of individuals who are subject to heuristics and biases, institutions and their decision-making rules can either magnify or mitigate the impact of heuristics and biases. Furthermore, in an institutional position, its decision-making rules and proce- dures may themselves lead to the emergence and reinforcement of heuristics and biases. Institutional structures are complex: individual elements are inter- dependent and self-organizing. Past experience is encapsulated in institu- tional rules. By following rules, individuals reduce their uncertainty about the possible outcomes that
Who reads The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics (Perspectives in Behavioral Economics and the Economics of Behavior)?
It is typically read by self-directed learners exploring a subject in depth.
Common subject areas: history, science, philosophy, social sciences.
- Author
- Shinji Teraji
- Publisher
- Academic Press, Incorporated
- Published
- 2018
- Language
- EN
- ISBN
- 9780128120231
- Category
- nonfiction
- Subjects
- Economics, Mathematics, Business