Towards an Understanding of Cognitive Coordination: Theoretical Developments and Empirical Illustrations
Organization Studies · 2009 · Volume 30 · Issue 11
Abstract
The cognitive dimension of institutions has been comparatively neglected in social science research. In particular, economists have concentrated on how institutions provide incentives. However, institutions also influence behaviours by influencing beliefs and expectations that help agents to overcome coordination problems. We explore various aspects of how institutions may align agents’ beliefs, concentrating on the role of analogies in interactive decision making, and how analogies grow from experience. We illustrate our reasoning by an empirical example.
Keywords
cognition, coordination, analogies, game theory, industrial clusters
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