Rules and Schemata

Ekkehart Schlicht

in On Custom in the Economy

Published in print March 1998 | ISBN: 9780198292241
Published online November 2003 | e-ISBN: 9780191596865 | DOI:
 Rules and Schemata

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Custom consists of a set of regularities that may be described as rules. This chapter explores the nature of rules as cognitive entities, and what distinguishes rules from arbitrary associations (‘random rules’). Our cognitive make‐up induces discontinuity in rule formation and gives rise to rigidity and hysteresis on a purely cognitive level.

Keywords: associations; categorization; cognition; discontinuity; hysteresis; learning; parsimony; rigidity; rule formation; rules

Chapter.  5620 words.  Illustrated.

Subjects: Microeconomics

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