Talk:Institution
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The economics discussion about institutions looks inaccurate (or at least, old-fashioned) to me. FWICT, institutions are mostly viewed as (Nash) equilibria in games, rather than the structure of the game itself. That is, game theory analyses of institutions often attempt to demonstrate why a particular social structure is stable or self-enforcing. Am I being biased here? Is there anything I should read to get a more balanced view of modern economic thinking relating to institutions?
Obviously, if you want to understand the effects of an institution, rather than understand the institution itself, then you could take the institution as exogenous, and construct games in which the only possible actions are ones that follow the rules of the institution.
Any objections to a rewrite of the economics section along these lines?
--Clausen 05:54, 11 Jun 2005 (UTC)
I have done the rewrite of the economics section I proposed earlier.--Clausen 11:01, 15 Jun 2005 (UTC)
The first few sentences excessively use phrases like “further” and “moreover” —which would normally seperate longer sentences or clauses— and are poorly written/hard to read overall. The lead section doesn’t provide a concise overview of what institutions are, but delves into the specifics of how certain scholars approach the topic. While such quotations might be useful, in this case, they veer off into an argument over whether or not institutions constitute forms of behaviour. This is an issue better left to the rest of the article.Yaguzi (talk)03:08, 1 August 2020 (UTC)[reply]
What sticks..2600:1700:5B23:6240:B5D1:51F6:2694:D779 (talk)20:54, 2 February 2022 (UTC)[reply]
An editor has identified a potential problem with the redirectHistory of institutions and has thus listed itfor discussion. This discussion will occur atWikipedia:Redirects for discussion/Log/2022 May 3#History of institutions until a consensus is reached, and readers of this page are welcome to contribute to the discussion.Steel1943 (talk)17:30, 3 May 2022 (UTC)[reply]
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