The Cognitive Basis of Institutions : A Synthesis of Behavioral and Institutional Economics

Front Cover -- The Cognitive Basis of Institutions -- Copyright Page -- Contents -- Preface -- 1 Introduction: What Are Institutions? -- 1.1 Institutions and Rules -- 1.2 Belief Systems -- 1.3 Norms and Coordination -- 1.4 Organizations -- 1.5 Summary -- References -- 2 Institutions and the Economics of Behavior I -- 2.1 Introduction -- 2.2 Old Institutional Economics -- 2.3 New Institutional Economics -- 2.4 Incentives and Efficiency -- 2.5 Trust and Property Rights -- 2.5.1 Overview of the Model -- 2.5.2 The Model -- 2.5.3 Analysis -- 2.6 Institutional Inequality -- 2.6.1 Background -- 2.6.2 The Model -- 2.6.3 Analysis -- 2.6.4 Discussion -- 2.7 Summary -- References -- Further Reading -- 3 Institutions and the Economics of Behavior II -- 3.1 The Economics of Behavior -- 3.2 Nudges -- 3.3 Discounting -- 3.3.1 Hyperbolic Discounting -- 3.3.2 Addiction -- 3.4 Herds -- 3.4.1 The Framework -- 3.4.2 Behavior -- 3.4.3 Collective Configurations of Opinions -- 3.4.4 Web Herd Behavior: An Example -- 3.5 Culture -- 3.6 Culture and Hierarchy -- 3.6.1 The Setting -- 3.6.2 The Framework -- 3.6.3 Analysis -- 3.7 Possible Selves -- 3.7.1 The Setting -- 3.7.2 The Framework -- 3.7.3 Self-Confidence and Economic Performance -- 3.8 Summary -- References -- 4 Why Bounded Rationality? -- 4.1 Introduction -- 4.2 Bounded Rationality -- 4.3 Ecological Rationality -- 4.4 Entrepreneurship -- 4.5 Summary -- References -- 5 Emergence of Prosocial Behavior -- 5.1 Introduction -- 5.2 Reputation -- 5.3 Social Preferences -- 5.4 Altruism and Envy -- 5.4.1 The Model -- 5.4.2 The Evolution of Norms -- 5.5 Altruistic Punishment -- 5.6 Norm Compliance -- 5.6.1 The Model -- 5.6.2 Choice of â xâ -- 5.6.3 Choice of â pâ -- 5.6.4 Evolution of â µâ -- 5.7 Corporate Social Performance -- 5.7.1 Overview -- 5.7.2 The Model -- 5.7.3 Discussion -- 5.8 Conservation on the Commons