Titlebook: Cognition, Rationality, and Institutions; Manfred E. Streit (Director of the Institutional E Conference proceedings 2000 Springer-Verlag B

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Comment on Jack Knightpts, such as cognition, rationality and social context, has profound consequences for the research on the causes of suboptimal social outcomes of political and economic processes. It is the substance of social outcomes and the processes of cognition, rationality and context which are brought togethe

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Comment on Ekkehart Schlichtd” may be subsumed under the general principle, which was stated in the course of conversation by Professor Van de Ven of the University of Minnesota, that we can not even recognize change unless there is something which does not change. Everything may be subject to change, but not everything can ch

ADAGE

Legal Design and the Evolution of Remorse by these rules and how subsequent individual behavior is affected by the induced incentives. Building on the rational actor paradigm, analyses of this kind typically require stable, i.e. exogeneously given preferences. This may cause a fallacy since all behavior can be rationalized by assuming appr

小淡水鱼

Comment on Steffen Huckt who have different information about the profit to share. One individual (the principal) knows about the amount that is to be shared while the other (the agent) does not. Therefore, the principal is able to betray the agent by holding back profit. The agent, in turn, has the possibility to control

Trigger-Point

DNR215

Comment on Bruno S. Frey and Iris Bohnetionality leads to high costs for individuals who try to be completely informed. In particular, informational asymmetries in transaction processes and the resulting possibilities for opportunistic behaviour are taken into consideration. If the participants are not fully informed and the costs of acqu

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Reasoning in Economics and Psychology: Why Social Context Matterse existence of norms of optimal reasoning and/or behavior. In both disciplines these programs have been challenged by competing ones that, while maintaining the traditional norms of sound reasoning and/or behavior, have argued that human beings fail miserably at both.

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