The Impact of Institutions on the Decision How to Decide

25 Pages Posted: 6 Oct 2006 Last revised: 31 Jul 2015

See all articles by Christoph Engel

Christoph Engel

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Research on Collective Goods; University of Bonn - Faculty of Law & Economics; Erasmus University Rotterdam (EUR), Erasmus School of Law, Rotterdam Institute of Law and Economics, Students; Universität Osnabrück - Faculty of Law

Elke U. Weber

Princeton University - Department of Psychology

Date Written: August 1, 2006

Abstract

The human mind is not a general problem solving machine. Instead of deliberately, consciously and serially processing the available information, men can rely on routines, rules, roles or affect for the purpose. They can bring in technology, experts or groups. For all of these reasons, men have a plurality of problem solving modes at their disposition. Often, the meta-choice of problem solving mode matters for behavioural output. Some performance standards are only to be met if a certain problem solving mode is used, like a well-established skill. Other requirements are easier to fulfill with some problem solving modes. This explains why institutions frequently impact on the choice of problem solving mode. To show how institutions are able to do that, a model of problem solving modes is developed. It allows to systematise the access points for institutional intervention.

Keywords: Decision Making, Problem Solving, Institutions

JEL Classification: D10, D21, D83, K20, K40, L51, Z13

Suggested Citation

Engel, Christoph and Weber, Elke U., The Impact of Institutions on the Decision How to Decide (August 1, 2006). MPI Collective Goods Preprint No. 2006/19, Available at SSRN: https://ssrn.com/abstract=935024 or http://dx.doi.org/10.2139/ssrn.935024

Christoph Engel (Contact Author)

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Research on Collective Goods ( email )

Kurt-Schumacher-Str. 10
D-53113 Bonn, 53113
Germany
+049 228 914160 (Phone)
+049 228 9141655 (Fax)

HOME PAGE: http://www.coll.mpg.de/engel.html

University of Bonn - Faculty of Law & Economics

Postfach 2220
D-53012 Bonn
Germany

Erasmus University Rotterdam (EUR), Erasmus School of Law, Rotterdam Institute of Law and Economics, Students ( email )

Burgemeester Oudlaan 50
PO Box 1738
Rotterdam
Netherlands

Universität Osnabrück - Faculty of Law

Osnabruck, D-49069
Germany

Elke U. Weber

Princeton University - Department of Psychology

Green Hall
Princeton, NJ 08540
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
221
Abstract Views
1,550
rank
155,757
PlumX Metrics