Chapter

Rule Preference

Ekkehart Schlicht

in On Custom in the Economy

Published in print March 1998 | ISBN: 9780198292241
Published online November 2003 | e-ISBN: 9780191596865 | DOI: http://dx.doi.org/10.1093/0198292244.003.0009
 Rule Preference

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Rules are cognitive entities that carry behavioural consequences. Phenomena of commitment, obedience, status quo preference, and reciprocity are brought about by rule preference, viz. the desire of men to act sensibly and in a justifiable way.

Keywords: authority; commitment; loss aversion; obedience; reciprocity; retribution; rule preference; rules; status quo preference

Chapter.  4505 words. 

Subjects: Microeconomics

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