Document Type : علمی - پژوهشی
Authors
1
Department of Theoretical Economics, Faculty of Economic and Administrative Sciences, University of Mazandaran, Babolsar, Iran.
2
Department of Theoretical Economics, Faculty of Economic and Administrative Sciences, University of Mazandaran, Babolsar, Iran
3
Department of Theoretical Economics, Faculty of Economic and Administrative Sciences, University of Mazandaran,Babolsar, Iran
10.30471/mssh.2024.9617.2475
Abstract
In this research, we introduce a new conceptual framework titled “quantum holistic phenomenological approach” to analyze the nature of institutions and their changes. Compared to new institutionalists, our framework makes significant achievements; it rejects the assumption of incomplete rationality, which means that the ubiquitous character of uncertainty in the world is not due to an individual's imperfect understanding of reality, but it is the other's failure, as the third person, to find out individual's optimal choices. The creation of institutions is a cost-benefit product of the intentional individual who decides how much information to share with others to reduce uncertainty for their own survival. imitating the Heisenberg uncertainty principle in the quantum realm, it is Shown that the institutional changes are stemmed from the external effects of inconsistent experiences. Despite the path dependence of the institutions, these changes are not gradual but rather occur in a transitional period. Due to the external effects of incompatible experiences, former game rules are disturbed, and new institutions may not have the necessary consistency and strength. So to shorten the transition period, direct intervention by governments in the distribution of rent is necessary to strengthen the new game rules.
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