2011
DOI: 10.2139/ssrn.1974141
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Coercive Approach and Decision Making Models

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“…Institutions differ from context to context; in other words, there is no general set of accepted institutions that is applicable to all instances of a particular behavior. The cost-benefit model tells us that individuals are rational beings who carefully calculate the pros and cons of personal decisions (Pearce, 1984;Margalit, 2011). The model assumes that rational decision-makers act in order to maximize their expected utility such that they will consequently cease an activity when they estimate that its costs exceed its benefits.…”
Section: The Moderating Role Of Regulatory Institutional Environmentsmentioning
confidence: 99%
“…Institutions differ from context to context; in other words, there is no general set of accepted institutions that is applicable to all instances of a particular behavior. The cost-benefit model tells us that individuals are rational beings who carefully calculate the pros and cons of personal decisions (Pearce, 1984;Margalit, 2011). The model assumes that rational decision-makers act in order to maximize their expected utility such that they will consequently cease an activity when they estimate that its costs exceed its benefits.…”
Section: The Moderating Role Of Regulatory Institutional Environmentsmentioning
confidence: 99%