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Learning and the emergence of behavioural in a bargaining game :
The study of institutions has been a thriving field of research within many academic disciplines. The reach of that research seems to be constrained by the little sophistication in the description of human agency and by the lack of attempts at establishing a connection between individuals and institutions. Following Hayek [1952] and Bandura [1977] we embrace a richer account of human agency, according to which mental models are the subjective representation that cognitive systems produce in order to interpet the environment; and followingHodgson [2003] and North [1994] we accept that institutions, qua arrangements that bring about order in a complex ecosystem, perform the same function at a collective level. We present a multi-stage bargaining experiment with both real and artificial agents, that studies the patterns of emergence and the reasons of persistence of institutions. Our result support Hayek's and Bandura's theories and suggest that individual learning is a complex.......yo.
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