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Facing Uncertainty: Norms and Formal Institutions as Shared Mental Models

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This paper presents a theoretical argument focused on how social norms and formal institutions operate as cognitive coping mechanisms among groupings of boundedly rational actors who face fundamental uncertainty concerning their political and economic environments.
creator Ferguson, William D., 1953- (Faculty/Staff)
Title Facing Uncertainty: Norms and Formal Institutions as Shared Mental Models
sponsor Grinnell College. Economics Department.
Index Date 2019
Date Issued 25 June 2019
presented 2 July 2015
Publisher Grinnell College
Type of Resource text
Digital Extent 35 pages
Media Type application/pdf
Note Ferguson, William D. "Facing Uncertainty: Norms and Formal Institutions as Shared Mental Models." 25 June 2019, https://dx.doi.org/10.2139/ssrn.3410109
Language English
Topic Economics
Topic Social institutions
Topic Uncertainty
Geographic Grinnell (Iowa)
Temporal Twenty tens
Keyword bounded rationality
Keyword mental models
Classification HB
Related Item Faculty Scholarship
Related Item Digital Grinnell
Identifier (u1) ferguso1
Identifier (u2) ECN
Identifier (local) grinnell:27808
Access Condition Copyright to this work is held by the author(s), in accordance with United States copyright law (USC 17). Readers of this work have certain rights as defined by the law, including but not limited to fair use (17 USC 107 et seq.).
Genre Conference papers and proceedings
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