Hodgson, Geoffrey M. - In: Revista de Economía Institucional 2 (2000) July-december, pp. 11-43
Under what circumstances is it necessary or convenient for an agent to rely on habits and rules? This paper focuses on … the types of decision situation giving rise to their use. Even optimisation requires the development of rules, and for … this reason mainstream economics cannot legitimately ignore these questions. It argues that habits and rules are ubiquitous …