The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics synthesizes modern research in behavioral economics with traditional institutional economics. This work emphasizes that institution and agent are inextricably linked, and that both cognitive and institutional processes coalesce to influence human decision-making. It integrates cognition and institution through the behavioral economics theoretical lens of bounded rationality. Methodologically, it develops game-theoretical, complexity and neuroeconomic solutions to unite study of the two areas. The work concludes by proposing general implications for the economic study of decisions using the cognitive-institutional approach, also providing specific recommendations for public policy.

About the Author
Shinji Teraji, Professor of Economics, Department of Economics, Yamaguchi University, Yamaguchi, Japan


Book Information
ISBN 9780128120231
Author Shinji Teraji
Format Paperback
Page Count 366
Imprint Academic Press Inc
Publisher Elsevier Science Publishing Co Inc
Weight(grams) 450g