Komal Durrani

Towards a Theory of Institutionally Embedded Preferences

This paper develops a decision-theoretic formalization of how informal institutions affect economic decision-making. Standard behavioral and institutional models widely recognize that social institutions influence economic choice. However, they frequently represent this influence...

Towards a Theory of Institutionally Embedded Preferences

This paper develops a decision-theoretic formalization of how informal institutions affect economic decision-making. Standard behavioral and institutional models widely recognize that social institutions influence economic choice. However, they frequently represent this influence...