Conferences and Announcements by Angela Ambrosino
In this panel, we would like to encourage the discussion on the institutions-matter theories; thi... more In this panel, we would like to encourage the discussion on the institutions-matter theories; this special session is calling for papers, from various disciplines, designed to explore how institutions function, how they evolve, how they should be evaluated, and, in the case, transformed.
Papers by Angela Ambrosino
This paper aims at contributing to the debate on the future of institutional economics and of the... more This paper aims at contributing to the debate on the future of institutional economics and of the field as a whole by starting from the literature that discusses the relationship between Old-Original Institutional Economics and New Institutional Economics. It suggests that the process of reunifying OIE and NIE (and evolutionary economics) prompted by part of the literature could be improved by the contribution of the Cognitive Institutional Economics. The paper follows a two-stage pathway: first, it frames the debate on the relationships between NIE and the OIE and it concentrates on a subset of the literature that shows that NIE's recent developments complicate the distinction between NIE and OIE, and it explores the possibility that NIE and OIE may merge so that an amalgam of NIE, OIE and Evolutionary Economics becomes the next economic paradigm. Secondly, the paper argues that a step forward in the direction outlined by the literature has been made by CIE, which is a research stream that developed from cross-fertilization among NIE, OIE and the Hayekian contributions to the analysis of institutions. In the concluding remarks, the possible emergence of a single institutional paradigm is discussed in the light of the literature about change in economics.
Journal of Institutional Economics, 2015
Revue d'économie politique, 2008
Humans decisions are not only driven by rationality but they are strongly influenced by emotions.... more Humans decisions are not only driven by rationality but they are strongly influenced by emotions. Neuroscientific evidence shows how the brain attributes affective values to the alternative of our choices in terms of current or anticipated emotional experience. Patterns of reactivation of neural circuitries related to emotional responses are found at the time of choice when the brain is anticipating future consequences. Those patterns are the result of learning mechanisms derived from cumulative emotional experience. Here we describe the theoretical and neural basis of such adaptive processes based on regret.
SSRN Electronic Journal, 2000
Journal of Economic Issues, 2014
Hayek's contribution to the analysis of law has been widely criticized and disputed This paper sh... more Hayek's contribution to the analysis of law has been widely criticized and disputed This paper shares with the opinion that the significance of Hayek's legal writings and their relevance to law and economics can only be completely understood by jointly analyzing his economic theory and his legal theory. Moreover it will be argued that both theories must be reconsidered in light of Hayek's theory of mind. This theory, in fact, represents the key element in understanding Hayek's thought in that it gives insight into the complexity of the cognitive and psychological determinants involved in coordination processes. The latter are the main phenomena that Hayek studied, and they are also essential for understanding the emergence of customs and social institutions as described in his legal theory. From this perspective, Hayek's legal theory is of close relevance to current research in law. His contribution suggests a different methodological approach to developing legal theory in which the analysis of the micro-foundations of human behavior is of central importance. The paper argues that inquiry of this kind can contribute to legal theory by explaining perception in decision-making processes, and it may be the first essential step toward a normative legal theory that reduces errors in legal contexts like the one currently being sought by behavioral law and economics scholars (Cass R. Sunstein, Christine Jolls, Richard Thaler 1998 and.
... Effects Marco Novarese 1 , Chiara Chelini 2 , Anna Spada 1 , Angela Ambrosino 3 , Carla Trigo... more ... Effects Marco Novarese 1 , Chiara Chelini 2 , Anna Spada 1 , Angela Ambrosino 3 , Carla Trigona 4 ... 2 Institut Jean Nicod, Ecole Normale Supérieure, 29, rue d'Ulm, 75005 Paris, France. Corresponding Author: [email protected]. Phone number: +33667635154. ...
The first aim of this contribution is to study the role of cheap talk in the determination of a f... more The first aim of this contribution is to study the role of cheap talk in the determination of a focal point in a bargaining game. A general discussion was therefore conducted before the bargaining, followed by a poll in which players must find a common solution to an abstract bargaining problem. On this issue, our conclusions are negative: no signifcant effect seems to emerge. This is not entirely unexpected; since the common discussion and the voting procedure staged the confrontation of different viewpoints, there has been no unanimous ...
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Conferences and Announcements by Angela Ambrosino
Papers by Angela Ambrosino