Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/45023 
Year of Publication: 
2011
Series/Report no.: 
Frankfurt School - Working Paper Series No. 157
Publisher: 
Frankfurt School of Finance & Management, Frankfurt a. M.
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

Files in This Item:
File
Size
640.75 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.