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Generating Predictability: Institutional Analysis and Design

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Synopses & Reviews

Publisher Comments:

Human behaviour is infinitely complex, the result of thousands of interactions between predispositions, external factors and physical and cognitive processes. It is also highly unpredictable which makes meaningful social engagement difficult without the aide of some external framework such as that offered by an institution. Both formal and informal institutions can provide the element of predictability necessary for successful, complex interactions, a factor which is often overlooked by institutional analysts and designers. Drawing on a wide range of disciplines including psychology, economics, and sociological and political studies, this book develops a coherent and accessible theory for explaining the unpredictability of individual behaviour. The author then highlights the danger of institutional reforms undermining the very capacity to generate predictability which is so central to their success. This book will appeal to academics, researchers and professionals in many fields including management studies, behavioural economics and the new, interdisciplinary field of institutional design.

Book News Annotation:

Drawing on psychology, experimental economics, and economic game theory, Engel (director, Max-Planck-Institute for Research on Collective Goods, Germany) analyzes the problem of human predictability, broadly defining full predictability as situations where: "Alter's behaviour is fully determined; Ego has access to the information about the determining mechanism, and about the presence of the input necessary from the environment to get the mechanism going." He argues that prior analysts of predictability have failed to recognize the influence of heavy institutional intervention in limiting the uncertainty of "Alter's" behavior. The implication of this analysis for institutional analysts and institutional designers--that the generation of predictability is a fundamental but frequently overlooked task--is the primary concern of Engel's discussion. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)

Synopsis:

This book develops a coherent and accessible argument to explain the unpredictability of the behaviour of individuals. The author then highlights the danger of institutional reforms undermining the very capacity to generate predictability which is so central to their success.

Synopsis:

Explores how institutional design can generate a level of predictability in human behaviour and interaction.

Synopsis:

Human behavior is infinitely complex and unpredictable, the result of thousands of interactions between predispositions, external factors and physical and cognitive processes. Drawing on a wide range of disciplines including psychology, economics, and sociological and political studies, this book develops a coherent and accessible theory for explaining the unpredictability of individual behavior. The author then highlights the danger of institutional reforms undermining the very capacity to generate predictability which is so central to their success.

Product Details

ISBN:
9780521851398
Author:
Engel, Christoph.
Publisher:
Cambridge University Press
Author:
Engel, Christoph
Author:
Christoph, Engel
Author:
Engel, Christof
Location:
Cambridge
Subject:
General
Subject:
General Psychology & Psychiatry
Subject:
Human behavior
Subject:
Social Psychology
Subject:
Game Theory
Subject:
Psychology : General
Copyright:
Publication Date:
20051131
Binding:
Hardcover
Grade Level:
Professional and scholarly
Language:
English
Illustrations:
Y
Pages:
328

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Related Subjects

Health and Self-Help » Psychology » General
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Science and Mathematics » Mathematics » Probability and Statistics » Statistics
Science and Mathematics » Physics » General

Generating Predictability: Institutional Analysis and Design New Hardcover
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Product details 328 pages Cambridge University Press - English 9780521851398 Reviews:
"Synopsis" by , This book develops a coherent and accessible argument to explain the unpredictability of the behaviour of individuals. The author then highlights the danger of institutional reforms undermining the very capacity to generate predictability which is so central to their success.
"Synopsis" by , Explores how institutional design can generate a level of predictability in human behaviour and interaction.
"Synopsis" by , Human behavior is infinitely complex and unpredictable, the result of thousands of interactions between predispositions, external factors and physical and cognitive processes. Drawing on a wide range of disciplines including psychology, economics, and sociological and political studies, this book develops a coherent and accessible theory for explaining the unpredictability of individual behavior. The author then highlights the danger of institutional reforms undermining the very capacity to generate predictability which is so central to their success.
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