IDEAS home Printed from https://ideas.repec.org/p/ris/vhsuwp/2005_034.html
   My bibliography  Save this paper

Informal Institutions and the "Weaknesses" of Human Behavior

Author

Listed:
  • Goebel, Markus

    (Helmut Schmidt University, Hamburg)

  • Thomas, Tobias

    (Helmut Schmidt University, Hamburg)

Abstract

Political reforms can be understood as the reconfiguration of formal institutions. The rational choice of formal institutions is the core topic of the New Institutional Economics research program. While bounded rationality is a core assumption of the New Institutional Economics and the reason for suboptimal behavior there, additional reference is made to the individual aspiration to intrapersonal consistency and interpersonal conformity here. These sources of a systematic deviation from the standard model of the homo oeconomicus result in systematic weaknesses of perception and deviations of behavior. This contribution connects shared mental models as informal institutions in the sense of North with well-established social psychological approaches and thereby leads to an integrative reflection of the insights in a stringent model framework.

Suggested Citation

  • Goebel, Markus & Thomas, Tobias, 2005. "Informal Institutions and the "Weaknesses" of Human Behavior," Working Paper 34/2005, Helmut Schmidt University, Hamburg.
    • Handle: RePEc:ris:vhsuwp:2005_034
    as

    Download full text from publisher

    File URL: http://www.hsu-hh.de/fgvwl/index_aszsJv0UoZSNInvH.html
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:vhsuwp:2005_034. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Bekcmann (email available below). General contact details of provider: https://edirc.repec.org/data/egbwhde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.