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Cognition, Rationality, and Institutions

Uwe Mummert editor Manfred E Streit editor Daniel Kiwit editor

Format:Paperback

Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Published:3rd Oct '13

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Cognition, Rationality, and Institutions cover

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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.

ISBN: 9783642641244

Dimensions: unknown

Weight: unknown

268 pages

Softcover reprint of the original 1st ed. 2000