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Towards an Understanding of Cognitive Coordination: Theoretical Developments and Empirical Illustrations
Abstract
The cognitive dimension of institutions has been comparatively neglected in social science research. In particular, economists have concentrated on how institutions provide incentives. However, institutions also influence behaviours by influencing beliefs and expectations that help agents to overcome coordination problems. We explore various aspects of how institutions may align agents’ beliefs, concentrating on the role of analogies in...
Paper Details
Title
Towards an Understanding of Cognitive Coordination: Theoretical Developments and Empirical Illustrations
Published Date
Nov 1, 2009
Journal
Volume
30
Issue
11
Pages
1201 - 1226
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