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http://hdl.handle.net/10419/45023
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| Title: | | Institutions, distributed cognition and agency: rule-following as performative action  |
| Authors: | | Herrmann-Pillath, Carsten |
| Issue Date: | | 2011 |
| Series/Report no.: | | Working paper series // Frankfurt School of Finance & Management 157 |
| Abstract: | | Recently, Aoki proposed the concept of substantive institutions which relates outcomes of strategic interaction with public representations of equilibrium states of games. I argue that the Aoki model can be grounded in theories of distributed cognition and performativity, which I put into the context of Searle's philosophical account of institutions. Substantive institutions build on regularized causal interactions between internal neuronal mechanisms and external facts, which are shared in a population of agents. Following Searle's proposal to conceive rule following as a neuronally anchored behavioral disposition, I show that his corresponding notion of collective intentionality can be grounded in recent neuroscience theories about imitation as the primordial process in human learning. I relate this with Searle's concept of status function and the neuronal theory of metaphors, resulting in a precise definition of rule-following as performative action. I present two empirical examples, the institution of money and status hierarchies in markets. |
| Subjects: | | Aoki's concept of substantive institutions Searle collective intentionality emotions imitation performativity sign systems |
| JEL: | | B52 D02 D87 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management
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