Cognition Rationality And Institutions

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Cognition, Rationality, and Institutions

Author : Manfred E. Streit
Publisher : Springer Science & Business Media
ISBN 13 : 3642597831
Total Pages : 262 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Cognition, Rationality, and Institutions by : Manfred E. Streit

Download or read book Cognition, Rationality, and Institutions written by Manfred E. Streit and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Institutions are rules that are supported by various enforcement mechanisms. Cognition refers to the process of how men perceive and process information, whereas rationality refers to how these processes are modelled. Within institutional economics there is a growing scepticism towards extending the conventional economic frame of analysis to institutions. In particular, the notion of perfect rationality is increasingly questioned. At the same time human cognition has become a major field of research in psychology. This book explores what institutional economics can learn from cognitive psychology regarding the proper modelling of rationality in order to explain institutional change.

The Cognitive Basis of Institutions

Author : Shinji Teraji
Publisher : Academic Press
ISBN 13 : 0128120452
Total Pages : 366 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis The Cognitive Basis of Institutions by : Shinji Teraji

Download or read book The Cognitive Basis of Institutions written by Shinji Teraji and published by Academic Press. This book was released on 2018-02-16 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Reveals how institutional structures and individual actions interact and coevolve cognitively Connects individual decision-making, decision-making processes and institutional formation Unites our understanding of cooperative ‘prosocial’ behavior with the institutional dynamics that may create it Discusses the implications of the behavioral-institutional paradigm for paternalism and libertarianism in public policy

Elements of Reason

Author : Arthur Lupia
Publisher : Cambridge University Press
ISBN 13 : 9780521653329
Total Pages : 348 pages
Book Rating : 4.6/5 (533 download)

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Book Synopsis Elements of Reason by : Arthur Lupia

Download or read book Elements of Reason written by Arthur Lupia and published by Cambridge University Press. This book was released on 2000-10-09 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in the social sciences are used to uncover cognitive foundations of social decision making.

Rationality

Author : Steven Pinker
Publisher : Penguin UK
ISBN 13 : 0241380308
Total Pages : 272 pages
Book Rating : 4.2/5 (413 download)

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Book Synopsis Rationality by : Steven Pinker

Download or read book Rationality written by Steven Pinker and published by Penguin UK. This book was released on 2021-09-28 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A TIMES BOOK OF THE YEAR 2021 'Punchy, funny and invigorating ... Pinker is the high priest of rationalism' Sunday Times 'If you've ever considered taking drugs to make yourself smarter, read Rationality instead. It's cheaper, more entertaining, and more effective' Jonathan Haidt, author of The Righteous Mind In the twenty-first century, humanity is reaching new heights of scientific understanding - and at the same time appears to be losing its mind. How can a species that discovered vaccines for Covid-19 in less than a year produce so much fake news, quack cures and conspiracy theorizing? In Rationality, Pinker rejects the cynical cliché that humans are simply an irrational species - cavemen out of time fatally cursed with biases, fallacies and illusions. After all, we discovered the laws of nature, lengthened and enriched our lives and set the benchmarks for rationality itself. Instead, he explains, we think in ways that suit the low-tech contexts in which we spend most of our lives, but fail to take advantage of the powerful tools of reasoning we have built up over millennia: logic, critical thinking, probability, causal inference, and decision-making under uncertainty. These tools are not a standard part of our educational curricula, and have never been presented clearly and entertainingly in a single book - until now. Rationality matters. It leads to better choices in our lives and in the public sphere, and is the ultimate driver of social justice and moral progress. Brimming with insight and humour, Rationality will enlighten, inspire and empower. 'A terrific book, much-needed for our time' Peter Singer

Extendable Rationality

Author : Davide Secchi
Publisher : Springer Science & Business Media
ISBN 13 : 144197542X
Total Pages : 166 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Extendable Rationality by : Davide Secchi

Download or read book Extendable Rationality written by Davide Secchi and published by Springer Science & Business Media. This book was released on 2010-10-20 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: “How do people make decisions in organizations?” is the question at the core of this book. Do people act rationally? Under what conditions can information and knowledge be shared to improve decision making? Davide Secchi applies concepts and theories from cognitive science, organizational behavior, and social psychology to explore the dynamics of decision making. In particular, he integrates “bounded rationality” (people are only partly rational; they have (a) limited computational capabilities and (b) limited access to information) and “distributed cognition” (knowledge is not confined to an individual, but is distributed across the members of a group) to build upon the pioneering work of Herbert Simon (1916-2001) on rational decision making and contribute fresh insights. This book is divided into two parts. The first part (Chapters 2 to 5) explores how recent studies on biases, prospect theory, heuristics, and emotions provide the so-called “map” of bounded rationality. The second part (Chapter 6 to 8) presents the idea of extendable rationality. In this section, Secchi identifies the limitations of bounded rationality and focuses more heavily on socially-based decision processes and the role of “docility” in teaching, managing, and executing decisions in organizations. The practical implications extend broadly to issues relating to change and innovation, as organizations adapt to evolving market conditions, implementing new systems, and effectively managing limited resources. The final chapter outlines an agenda for future research to help understand the decision making characteristics and capabilities of an organization.

Cognitive Economics

Author : Bernard Walliser
Publisher : Springer Science & Business Media
ISBN 13 : 3540713476
Total Pages : 182 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Cognitive Economics by : Bernard Walliser

Download or read book Cognitive Economics written by Bernard Walliser and published by Springer Science & Business Media. This book was released on 2007-10-25 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in an informal way, this book is addressed to philosophers or cognitive scientists curious of how economics deals with cognition and to graduate students in economics eager to discover how economics evolves. It aims at extending the framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with individual choices and collective interactions.

Adaptive Thinking

Author : Gerd Gigerenzer
Publisher : Oxford University Press
ISBN 13 : 9780195153729
Total Pages : 370 pages
Book Rating : 4.1/5 (537 download)

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Book Synopsis Adaptive Thinking by : Gerd Gigerenzer

Download or read book Adaptive Thinking written by Gerd Gigerenzer and published by Oxford University Press. This book was released on 2002-03-07 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Where do new ideas come from? What is social intelligence? Why do social scientists perform mindless statistical rituals? This vital book is about rethinking rationality as adaptive thinking: to understand how minds cope with their environments, both ecological and social.Gerd Gigerenzer proposes and illustrates a bold new research program that investigates the psychology of rationality, introducing the concepts of ecological, bounded, and social rationality. His path-breaking collection takes research on thinking, social intelligence, creativity, and decision-making out of an ethereal world where the laws of logic and probability reign, and places it into our real world of human behavior and interaction. Adaptive Thinking is accessibly written for general readers with an interest in psychology, cognitive science, economics, sociology, philosophy, artificial intelligence, and animal behavior. It also teaches a practical audience, such as physicians, AIDS counselors, and experts in criminal law, how to understand and communicate uncertainties and risks.

Frameworks for Modeling Cognition and Decisions in Institutional Environments

Author : Joan-Josep Vallbé
Publisher : Springer
ISBN 13 : 9401794278
Total Pages : 245 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Frameworks for Modeling Cognition and Decisions in Institutional Environments by : Joan-Josep Vallbé

Download or read book Frameworks for Modeling Cognition and Decisions in Institutional Environments written by Joan-Josep Vallbé and published by Springer. This book was released on 2014-10-15 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the theoretical, methodological, and empirical implications of bounded rationality in the operation of institutions. It focuses on decisions made under uncertainty, and presents a reliable strategy of knowledge acquisition for the design and implementation of decision-support systems. Based on the distinction between the inner and outer environment of decisions, the book explores both the cognitive mechanisms at work when actors decide, and the institutional mechanisms existing among and within organizations that make decisions fairly predictable. While a great deal of work has been done on how organizations act as patterns of events for (boundedly) rational decisions, less effort has been devoted to study under which circumstances organizations cease to act as such reliable mechanisms. Through an empirical strategy on open-ended response data from a survey among junior judges, the work pursues two main goals. The first one is to explore the limits of “institutional rationality” of the Spanish lower courts on-call service, an optimal scenario to observe decision-making under uncertainty. The second aim is to achieve a better understanding of the kind of uncertainty under which inexperienced decision-makers work. This entails exploring the demands imposed by problems and the knowledge needed to deal with them, making this book also a study on expertise achievement in institutional environments. This book combines standard multivariate statistical methods with machine learning techniques such as multidimensional scaling and topic models, treating text as data. Doing so, the book contributes to the collaboration between empirical social scientific approaches and the community of scientists that provide the set of tools and methods to make sense of the fastest growing resource of our time: data.

The Rationality Quotient

Author : Keith E. Stanovich
Publisher : MIT Press
ISBN 13 : 0262034840
Total Pages : 479 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis The Rationality Quotient by : Keith E. Stanovich

Download or read book The Rationality Quotient written by Keith E. Stanovich and published by MIT Press. This book was released on 2016-09-30 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to assess critical aspects of cognitive functioning that are not measured by IQ tests: rational thinking skills. Why are we surprised when smart people act foolishly? Smart people do foolish things all the time. Misjudgments and bad decisions by highly educated bankers and money managers, for example, brought us the financial crisis of 2008. Smart people do foolish things because intelligence is not the same as the capacity for rational thinking. The Rationality Quotient explains that these two traits, often (and incorrectly) thought of as one, refer to different cognitive functions. The standard IQ test, the authors argue, doesn't measure any of the broad components of rationality—adaptive responding, good judgment, and good decision making. The authors show that rational thinking, like intelligence, is a measurable cognitive competence. Drawing on theoretical work and empirical research from the last two decades, they present the first prototype for an assessment of rational thinking analogous to the IQ test: the CART (Comprehensive Assessment of Rational Thinking). The authors describe the theoretical underpinnings of the CART, distinguishing the algorithmic mind from the reflective mind. They discuss the logic of the tasks used to measure cognitive biases, and they develop a unique typology of thinking errors. The Rationality Quotient explains the components of rational thought assessed by the CART, including probabilistic and scientific reasoning; the avoidance of “miserly” information processing; and the knowledge structures needed for rational thinking. Finally, the authors discuss studies of the CART and the social and practical implications of such a test. An appendix offers sample items from the test.

Institutions and Political Choice

Author : Roland M. Czada
Publisher : Vu University Press
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Institutions and Political Choice by : Roland M. Czada

Download or read book Institutions and Political Choice written by Roland M. Czada and published by Vu University Press. This book was released on 1998 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bounded Rationality

Author : Gerd Gigerenzer
Publisher : MIT Press
ISBN 13 : 9780262571647
Total Pages : 404 pages
Book Rating : 4.5/5 (716 download)

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Book Synopsis Bounded Rationality by : Gerd Gigerenzer

Download or read book Bounded Rationality written by Gerd Gigerenzer and published by MIT Press. This book was released on 2002-07-26 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational decision making in economics, cognitive science, biology, and other fields largely ignore these real constraints and instead assume agents with perfect information and unlimited time. About forty years ago, Herbert Simon challenged this view with his notion of "bounded rationality." Today, bounded rationality has become a fashionable term used for disparate views of reasoning. This book promotes bounded rationality as the key to understanding how real people make decisions. Using the concept of an "adaptive toolbox," a repertoire of fast and frugal rules for decision making under uncertainty, it attempts to impose more order and coherence on the idea of bounded rationality. The contributors view bounded rationality neither as optimization under constraints nor as the study of people's reasoning fallacies. The strategies in the adaptive toolbox dispense with optimization and, for the most part, with calculations of probabilities and utilities. The book extends the concept of bounded rationality from cognitive tools to emotions; it analyzes social norms, imitation, and other cultural tools as rational strategies; and it shows how smart heuristics can exploit the structure of environments.

Impact of Institutions on Lending

Author : Chuluunbaatar Enkhzaya
Publisher : Springer Science & Business Media
ISBN 13 : 3835090070
Total Pages : 209 pages
Book Rating : 4.8/5 (35 download)

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Book Synopsis Impact of Institutions on Lending by : Chuluunbaatar Enkhzaya

Download or read book Impact of Institutions on Lending written by Chuluunbaatar Enkhzaya and published by Springer Science & Business Media. This book was released on 2007-10-08 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chuluunbaatar Enkhzaya examines the "inadequate" behaviour of banks in Mongolia by analysing the institutional framework of the banking system, especially in lending. She focuses on the genesis of informal institutions of lending and their interaction with formal institutions of lending. Herewith, informal institutions such as the attitude to risk were indirectly observed by diagnosing the "action-regulating" knowledge of bankers. In order to ensure an effective allocation of the scarce financial resources of Mongolia the author therefore suggests a change - as simultaneous as possible - of formal and informal rules.

Decision Making and Rationality in the Modern World

Author : Keith E. Stanovich
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Decision Making and Rationality in the Modern World by : Keith E. Stanovich

Download or read book Decision Making and Rationality in the Modern World written by Keith E. Stanovich and published by Oxford University Press, USA. This book was released on 2010 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Decision Making and Rationality in the Modern World, Keith E. Stanovich demonstrates how work in the cognitive psychology of decision making has implications for the large and theoretically contentious debates about the nature of human rationality. Written specifically for undergraduate psychology students, the book presents a very practical approach to decision making, which is too often perceived by students as an artificial set of skills used only in academia and not in the real world. Instead, Stanovich shows how good decision-making procedures support rational behavior that enables people to act most efficiently to fulfill their goals. He explains how the concept of rationality is understood in cognitive science in terms of good decision making and judgment. Books in the Fundamentals of Cognition series serve as ideal instructional resources for advanced courses in cognitive psychology. They provide an up-to-date, well-organized survey of our current understanding of the major theories of cognitive psychology. The books are concise, which allows instructors to incorporate the latest original research and readings into their courses without overburdening their students. Focused without being too advanced--and comprehensive without being too broad--these books are the perfect resource for both students and instructors.

The Limits of Rationality

Author : Karen Schweers Cook
Publisher : University of Chicago Press
ISBN 13 : 0226742415
Total Pages : 436 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis The Limits of Rationality by : Karen Schweers Cook

Download or read book The Limits of Rationality written by Karen Schweers Cook and published by University of Chicago Press. This book was released on 2008-10-03 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

How to Conduct Ethnographies of Institutions for People with Cognitive Difficulties

Author : Kjeld Høgsbro
Publisher : Routledge
ISBN 13 : 1351024248
Total Pages : 224 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis How to Conduct Ethnographies of Institutions for People with Cognitive Difficulties by : Kjeld Høgsbro

Download or read book How to Conduct Ethnographies of Institutions for People with Cognitive Difficulties written by Kjeld Høgsbro and published by Routledge. This book was released on 2019-10-16 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of the methodological, theoretical, and meta-theoretical considerations and guidelines involved in undertaking institutional ethnographic work involving people with cognitive and communicative disabilities. It presents a coherent platform for integrating theory and method built on classical and recent anthropological and sociological theory as well as classic and recent methodological considerations within the ethnographic tradition. Furthermore, it introduces readers to the challenging work of understanding the lifeworld of people who cannot express themselves in ordinary ways or who are deeply stigmatised and oppressed by dominating discourses telling them how to understand and define their role in society. It will be of interest to all scholars, students and researchers of disability studies, particularly those who undertake ethnographic research or want to understand the challenges involved in doing so.

The Oxford Handbook of 4E Cognition

Author : Albert Newen
Publisher : Oxford University Press
ISBN 13 : 0191054364
Total Pages : 952 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis The Oxford Handbook of 4E Cognition by : Albert Newen

Download or read book The Oxford Handbook of 4E Cognition written by Albert Newen and published by Oxford University Press. This book was released on 2018-08-23 with total page 952 pages. Available in PDF, EPUB and Kindle. Book excerpt: 4E cognition (embodied, embedded, enactive, and extended) is a relatively young and thriving field of interdisciplinary research. It assumes that cognition is shaped and structured by dynamic interactions between the brain, body, and both the physical and social environments. With essays from leading scholars and researchers, The Oxford Handbook of 4E Cognition investigates this recent paradigm. It addresses the central issues of embodied cognition by focusing on recent trends, such as Bayesian inference and predictive coding, and presenting new insights, such as the development of false belief understanding. The Oxford Handbook of 4E Cognition also introduces new theoretical paradigms for understanding emotion and conceptualizing the interactions between cognition, language, and culture. With an entire section dedicated to the application of 4E cognition in disciplines such as psychiatry and robotics, and critical notes aimed at stimulating discussion, this Oxford handbook is the definitive guide to 4E cognition. Aimed at neuroscientists, psychologists, psychiatrists, and philosophers, The Oxford Handbook of 4E Cognition will be essential reading for anyone with an interest in this young and thriving field.

Economics, Bounded Rationality and the Cognitive Revolution

Author : The late Herbert A. Simon
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781008225
Total Pages : 244 pages
Book Rating : 4.0/5 (82 download)

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Book Synopsis Economics, Bounded Rationality and the Cognitive Revolution by : The late Herbert A. Simon

Download or read book Economics, Bounded Rationality and the Cognitive Revolution written by The late Herbert A. Simon and published by Edward Elgar Publishing. This book was released on with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to publish the ideas of the late Herbert Simon and sympathetic economists, on the subject of bounded rationality, economics, cognitive science and related disciplines, and to reprint some of Professor Simon's classic papers which have appeared in journals not widely read by economists. Not only on account of his Nobel Prize in Economics, but also because of the widespread applications of his ideas and theories, it is especially valuable to readers to have a book of this kind at the present time. Currently in this whole field, there is increasing emphasis on computer-related theory building. Herbert Simon, beginning from the time when microcomputers did not exist, was a pioneer of this approach. The book begins with an edited transcript of a colloquium, held between Herbert Simon and a group of Italian economists in Italy in 1988. It continues with the reprinted Simon papers and papers by three scholars, Raymond Boudon, Massimo Egidi and Riccardo Viale coming from different disciplines but holding a common interest in bounded rationality and ends with a response by a sympathetic economist, Robin Marris.