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portada The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics (Perspectives in Behavioral Economics and the Economics of Behavior) (in English)
Type
Physical Book
Publisher
Author
Year
2018
Language
English
Pages
366
Format
Paperback
ISBN13
9780128120231
Edition No.
1
Categories

The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics (Perspectives in Behavioral Economics and the Economics of Behavior) (in English)

Shinji Teraji (Author) · Academic Press · Paperback

The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics (Perspectives in Behavioral Economics and the Economics of Behavior) (in English) - Shinji Teraji

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Synopsis "The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics (Perspectives in Behavioral Economics and the Economics of Behavior) (in English)"

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 cognitivelyConnects individual decision-making, decision-making processes and institutional formationUnites our understanding of cooperative 'prosocial' behavior with the institutional dynamics that may create itDiscusses the implications of the behavioral-institutional paradigm for paternalism and libertarianism in public policy

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