earticle

영어

This paper reconsiders the assumptions about human rationality viewed from mainstream economics and game theory. Humans perceive the world and choose their own actions through the frame of perception acquired by the culture and tradition of the social community in which they live. Behavior mediated by inherited cultures appears irrational from the point of view of traditional rationality. However, when culture is viewed as an informal institution, the content of rationality may be different for individuals who are constrained by the institution. Through these discussions, it is possible to explain social phenomena that cannot be explained by existing game theory without giving up the traditional concept of rationality. It also examines whether culturally mediated human behavior can enhance the rationality of society as a whole. When a specific culture does not guarantee social rationality, the areas and roles that can be intervened by law or policy, which are formal institutions, are also examined.