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Social Norms, Bounded Rationality and Optimal Contracts / by Suren Basov
(Studies in Economic Theory. ISSN:21969930 ; 30)

Publisher (Singapore : Springer Singapore : Imprint: Springer)
Year 2016
Edition 1st ed. 2016.
Authors *Basov, Suren author
SpringerLink (Online service)

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OB00148860 Springer Economics and Finance eBooks (電子ブック) 9789811010415

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Material Type E-Book
Media type 機械可読データファイル
Size IX, 176 p : online resource
Notes Chapter 1 Preface -- Part I Mechanism Design under Bounded Rationality -- Chapter 2 Introduction -- Chapter 3 Complexity constraints and mechanism design -- Chapter 4 Learning, probabilistic choice, and mechanism design -- Chapter 5 Some other models of mechanism design under bounded rationality -- Chapter 6 Conclusions -- Part II Social Norms and Mechanism Design -- Chapter 7 Peer Pressure and Agency Relationship -- Chapter 8 Statistical Mechanics of High Performing Working Systems -- Chapter 9 Optimal contracting in social environment -- Part III Lessons learnt and directions for future research
This book investigates the ways in which social norms and bounded rationality shape different contracts in the real world. It brings into focus existing research into optimal contracts, draws important lessons from that research, and outlines prospects for future investigation. Bounded rationality has acknowledged effects on the power of incentive provisions, such as deviations from sufficient statistic theorem, the power of optimal incentives, and the effects of optimal contracts in multicultural environments. The introduction of social norms to bounded rationality opens up new avenues of investigation into contracts and mechanism design. This book makes an important contribution to the study of bounded rationality by pulling together many separate strands of research in the area of mechanism design, and providing detailed analysis of the impact of societal values on contracts
HTTP:URL=https://doi.org/10.1007/978-981-10-1041-5
Subjects LCSH:Behavioral economics
FREE:Behavioral/Experimental Economics
Classification LCC:HB71-74
DC23:330.01
ID 8000059586
ISBN 9789811010415

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