The Cognitive Basis of Institutions
  • Release Date : 16 February 2018
  • Publisher : Academic Press
  • Categories : Business & Economics
  • Pages : 366 pages
  • ISBN 13 : 9780128120453
  • ISBN 10 : 0128120452
Score: 4
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Synopsis : The Cognitive Basis of Institutions written by Shinji Teraji, published by Academic Press which was released on 16 February 2018. Download The Cognitive Basis of Institutions Books now! Available in PDF, EPUB, Mobi Format. 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. Reveals how institutional structures and individual actions interact and coevolve cognitively Connects individual decision-making, decision-making processes and institutional formation Unites our understanding of cooperative ‘prosocial’ behavior with the institutional dynamics that may create it Discusses the implications of the behavioral-institutional paradigm for paternalism and libertarianism in public policy