Bounded Rationality, Institutions, and Uncertainty

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Economic Sociology and Embeddedness: How Shall We Conceptualize Economic Action? (2003, background): “…demanded by the rational actor model, impossible because the situation does not possess the characteristics presupposed by an action theory that is based on the identification of the causal relationship between the application of means (strategies) and outcomes (Beckert 1996, 2002; Dequech 2001).”
The Lead User method: an outline of empirical findings and issues for future research (2004, unknown): “Individuals react to this situation by concentrating their attention to selective domains which are strongly connected with the individuals' cognitive base (Dequech, 2001, Selten , 2001).”
Social trust and angel investors' decisions: a multilevel analysis across nations (2015, background): “Institutions may facilitate joint problem solving by reducing uncertainty (Dequech, 2001; North, 1990), as they can act as a lubricant (Luhmann, 1979) to promote positive conflict resolution for the long-term prospect of cooperation even when differences emerge among investors and entrepreneurs.”