Understanding coordination is a key challenge for research on the cognitive foundations of institutions. The standard approach until now has been to focus on mind-reading skills and to allow for bounded rationality. This approach, however, has empirical and theoretical shortcomings. Experimental data suggest that models of bounded rationality fail to explain convergence on focal points. And from a normative viewpoint, coordinating agents seem to have good reasons to flout strategic reasoning. This has led researchers to explore models of “belief-less reasoning” – such as team reasoning and solution thinking. If the justification for rule-following and institutional compliance cannot be found in standard or bounded rationality, reasoning modes that do not involve sophisticated mind reading may have both descriptive and normative pull.

Institutions, Rationality, and Coordination / C. Colombo, F. Guala - In: The Routledge Handbook of the Philosophy of Economics / [a cura di] C. Heilmann, J. Reiss. - [s.l] : Routledge, 2021. - ISBN 9781315739793. - pp. 113-124 [10.4324/9781315739793-10]

Institutions, Rationality, and Coordination

C. Colombo
Primo
;
F. Guala
Secondo
2021

Abstract

Understanding coordination is a key challenge for research on the cognitive foundations of institutions. The standard approach until now has been to focus on mind-reading skills and to allow for bounded rationality. This approach, however, has empirical and theoretical shortcomings. Experimental data suggest that models of bounded rationality fail to explain convergence on focal points. And from a normative viewpoint, coordinating agents seem to have good reasons to flout strategic reasoning. This has led researchers to explore models of “belief-less reasoning” – such as team reasoning and solution thinking. If the justification for rule-following and institutional compliance cannot be found in standard or bounded rationality, reasoning modes that do not involve sophisticated mind reading may have both descriptive and normative pull.
Settore SECS-P/01 - Economia Politica
Settore M-FIL/02 - Logica e Filosofia della Scienza
DECC18LBIAN_01 - Dipartimenti di Eccellenza 2018-2022 - Dipartimento di FILOSOFIA - BIANCHI, LUCA MARIA - DECC - Bando Dipartimenti di Eccellenza - 2018
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2434/902006
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