Norms as Equilibria

Analyse & Kritik 38 (2):433-458 (2016)
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Abstract

This paper presents a survey on contemporary RC accounts of norms. The characteristic common feature of these accounts is that norms are understood as equilibrium selection devices. The most sophisticated positions driven by this idea are Herbert Gintis’ theory of norms as choreographers and Cristina Bicchieri’s theory of norms as solutions to mixed motive games. In order to give a comprehensive account of social norms, though, RC theory needs to be substantially extended. In particular, it seems to be impossible in principle to fully understand the concept of normativity and the motivating power of norms within a traditional, pure RC framework.

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Philosophy and economics.Hartmut Kliemt - 2009 - München: Oldenbourg Verlag.

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