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Institutional Change and the Importance of Understanding Shared Mental Models.

SUMMARY: Arthur Denzau and Douglass North's paper "Shared Mental Models: Ideologies and Institutions" seeks to explain differences in economic performance across time and space recognizing that under conditions of uncertainty actors base their decisions "in part upon [...] myths, dogmas, ideologies,...

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Published in:Kyklos Vol. 73; no. 3; pp. 371 - 392
Main Authors: Shughart, William F., Thomas, Diana W., Thomas, Michael D.
Format: Article
Published: Wiley-Blackwell Aug2020
Subjects:
Social sciences education
Development economics
Behavioral economics
Economic change
Economic research
Online Access:View this record in EBSCOhost

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