Cognition, Rationality, and Institutions W. Vogel & M. Büttner GmbH November 200 I v PREFACE

November 200 I v PREFACE The study of the atomic structure of crystalline materials began at the beginning of the twentieth century with the discovery by Max von Laue and by W

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coherent theoretical and methodological framework

2Layout-Planung20

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Cognition, Rationality, and Institutions W. Vogel & M. Büttner GmbH November 200 I v PREFACEInstitutions 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