Cognition, Rationality, and Institutions
Softcover reprint of the original 1st ed. 2000
Book Details
Format
Paperback / Softback
ISBN-10
3642641245
ISBN-13
9783642641244
Edition
Softcover reprint of the original 1st ed. 2000
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint
Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Oct 3rd, 2013
Print length
268 Pages
Product Classification:
Cognition & cognitive psychology
Ksh 8,100.00
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Cognition refers to the process of how men perceive and process information, whereas rationality refers to how these processes are modelled. This book explores what institutional economics can learn from cognitive psychology regarding the proper modelling of rationality in order to explain institutional change.
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.
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