Generating Predictability: Institutional Analysis and Design

Human behavior is infinitely complex and unpredictable, the result of thousands of interactions between predispositions, external factors and physical and cognitive processes. Drawing on a wide range of disciplines including psychology, economics, and sociological and political studies, this book develops a coherent and accessible theory for explaining the unpredictability of individual behavior. The author then highlights the danger of institutional reforms undermining the very capacity to...