Rational Behaviour And The Design Of Institutions
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Rational Behaviour And The Design Of Institutions
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Author : Hannu Nurmi
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998
Rational Behaviour And The Design Of Institutions written by Hannu Nurmi and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
The structures of the world's national and international political and economic institutions have largely resulted from intuitive and ad-hoc organizations with reforms taking place on trial-and-error bases. This work evaluates tools which can be used for a more rational and formal approach.
Rationality Institutions And Economic Methodology
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Author : Uskali Mäki
language : en
Publisher: Psychology Press
Release Date : 1993
Rationality Institutions And Economic Methodology written by Uskali Mäki and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.
Institutional Design
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Author : David L. Weimer
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Institutional Design written by David L. Weimer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Policy scientists have long been concerned with understanding the basic tools, or instruments, that governments can use to accomplish their goals. The initial interest in inductively developing comprehensive lists of generic instruments for policy analysis soon gave way to efforts to discover more parsimonious, but still useful, specifications of the elementary components out of which instruments can be assembled. Moving from a generic instrument to a fully specified policy alternative, however, requires the designer to go much beyond the elementary components. Rather than directly specifying some of these details, the designer may instead set the rules by which they will be specified. The creation of these specifications and rules can be thought of as institutional design. This book helps scholars and policy analysts formulate more effective policy alternatives by a better understanding of institutional design. The feasibility and effectiveness of policies depend on the political, economic, and social contexts in which they are embedded. These contexts provide an environment of existing institutions that offer opportunities and barriers to institutional design. A fundamental understanding of institutional design requires theories of institutions and institutional change. With a resurgence of interest in institutions in recent years, there are many possible sources of theory. The contributors to this volume draw from the variety of sources to identify implications for understanding institutional design.
The Theory Of Institutional Design
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Author : Robert E. Goodin
language : en
Publisher: Cambridge University Press
Release Date : 1998-06-18
The Theory Of Institutional Design written by Robert E. Goodin and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-06-18 with Political Science categories.
This volume illustrates and synthesizes new theories of institutional design recently developed by scholars across a range of disciplines.
Generating Predictability
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Author : Christoph Engel
language : en
Publisher: Cambridge University Press
Release Date : 2005-11-17
Generating Predictability written by Christoph Engel and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-11-17 with Psychology categories.
Human behaviour is infinitely complex, the result of thousands of interactions between predispositions, external factors and physical and cognitive processes. It is also highly unpredictable, which makes meaningful social engagement difficult without the aid of some external framework such as that offered by an institution. Both formal and informal institutions can provide the element of predictability necessary for successful, complex interactions, a factor which is often overlooked by institutional analysts and designers. Drawing on a wide range of disciplines including psychology, economics, and sociological and political studies, this book develops a coherent and accessible theory for explaining the unpredictability of individual behaviour. The author then highlights the danger of institutional reforms undermining the very capacity to generate predictability which is so central to their success. This book will appeal to academics, researchers and professionals in many fields including management studies, behavioural economics and the new, interdisciplinary field of institutional design.
The Limits Of Rationality
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Author : Karen Schweers Cook
language : en
Publisher: University of Chicago Press
Release Date : 2008-10-03
The Limits Of Rationality written by Karen Schweers Cook and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-10-03 with Political Science categories.
Prevailing economic theory presumes that agents act rationally when they make decisions, striving to maximize the efficient use of their resources. Psychology has repeatedly challenged the rational choice paradigm with persuasive evidence that people do not always make the optimal choice. Yet the paradigm has proven so successful a predictor that its use continues to flourish, fueled by debate across the social sciences over why it works so well. Intended to introduce novices to rational choice theory, this accessible, interdisciplinary book collects writings by leading researchers. The Limits of Rationality illuminates the rational choice paradigm of social and political behavior itself, identifies its limitations, clarifies the nature of current controversies, and offers suggestions for improving current models. In the first section of the book, contributors consider the theoretical foundations of rational choice. Models of rational choice play an important role in providing a standard of human action and the bases for constitutional design, but do they also succeed as explanatory models of behavior? Do empirical failures of these explanatory models constitute a telling condemnation of rational choice theory or do they open new avenues of investigation and theorizing? Emphasizing analyses of norms and institutions, the second and third sections of the book investigate areas in which rational choice theory might be extended in order to provide better models. The contributors evaluate the adequacy of analyses based on neoclassical economics, the potential contributions of game theory and cognitive science, and the consequences for the basic framework when unequal bargaining power and hierarchy are introduced.
Rational Choice Game Theory And Institutional Design An Analysis Of The Nested Game Model
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Author : Svetlana Inkina
language : en
Publisher: Grin Publishing
Release Date : 2017-05-08
Rational Choice Game Theory And Institutional Design An Analysis Of The Nested Game Model written by Svetlana Inkina and has been published by Grin Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-08 with categories.
Seminar paper from the year 2008 in the subject Politics - Basics and General, grade: A-, University of Toronto, language: English, abstract: This paper will argue that Tsebelis' nested games framework has extended the boundaries of traditional rational choice analysis by bringing together assumptions of rational choice and institutionalism. It would be reasonable to state that Tsebelis is a rational choice institutionalist who builds his theory on two propositions: that the behaviour of individuals is statistically rational, and that it is also rule-governed. This approach makes the 'Nested Games' volume particularly valuable for the body of literature attempting to depart from the pattern of simplistic explanations of human behaviour. The paper proceeds as follows. In the next section, I briefly outline the nested games framework developed by Tsebelis, including principles upon which it is built. I proceed with the discussion of the complexity of the rational choice theory and the logic of institutional design. Finally, the paper concludes with the assessment of universality, scientific value and empirical content of Tsebelis's model in comparative perspective.
The Law And Economics Of Irrational Behavior
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Author : Francesco Parisi
language : en
Publisher: Stanford University Press
Release Date : 2005
The Law And Economics Of Irrational Behavior written by Francesco Parisi and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This collection of essays explores the most relevant developments at the interface of economics and psychology, giving special attention to models of irrational behavior, and draws the relevant implications of such models for the design of legal rules and institutions. The application of economic models of irrational behavior to law is especially challenging because specific departures from rational behavior differ markedly from one another. Furthermore, the analytical and deductive instruments of economic theory have to be reshaped to deal with the fragmented and heterogeneous findings of psychological research, turning towards a more experimental and inductive methodology. This volume brings together pioneering scholars in this area, along with some of the most exciting developments in the field of legal and economic theory. Areas of application include criminal law and sentencing, tort law, contract law, corporate law, and financial markets.
Behavioral Political Economy And Democratic Theory
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Author : Petr Špecián
language : en
Publisher: Taylor & Francis
Release Date : 2022-06-08
Behavioral Political Economy And Democratic Theory written by Petr Špecián and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-08 with Business & Economics categories.
Drawing on current debates at the frontiers of economics, psychology, and political philosophy, this book explores the challenges that arise for liberal democracies from a confrontation between modern technologies and the bounds of human rationality. With the ongoing transition of democracy’s underlying information economy into the digital space, threats of disinformation and runaway political polarization have been gaining prominence. Employing the economic approach informed by behavioral sciences’ findings, the book’s chief concern is how these challenges can be addressed while preserving a commitment to democratic values and maximizing the epistemic benefits of democratic decision-making. The book has two key strands: it provides a systematic argument for building a behaviorally informed theory of democracy; and it examines how scientific knowledge on quirks and bounds of human rationality can inform the design of resilient democratic institutions. Drawing these together, the book explores the centrality of the rationality assumption in the methodological debates surrounding behavioral sciences as exemplified by the dispute between neoclassical and behavioral economics; the role of (ir)rationality in democratic social choice; behaviorally informed paternalism as a response to the challenge of irrationality; and non-paternalistic avenues to increase the resilience of the democratic institutions toward political irrationality. This book is invaluable reading for anyone interested in behavioral economics and sciences, political philosophy, and the future of democracy.
The Rational Foundations Of Economic Behaviour
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Author : Kenneth Joseph Arrow
language : en
Publisher: Palgrave MacMillan
Release Date : 1999
The Rational Foundations Of Economic Behaviour written by Kenneth Joseph Arrow and has been published by Palgrave MacMillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
This volume comprises fourteen essays, which identify four areas in which theoretical and empirical developments are discusses for the fuller understanding of personal (as opposed to collective) behavior with economic objectives: rational choice and associated problems of logic; rationality as explained by game theory; experiments to elucidate rational behavior; and alternatives of rationality in decision-making theory.