This paper discusses about the problem of decision-making on economic agents in uncertainty contexts. It is argued that economic institutions are central structures in this process because they facilitate the selection of heuristics and decision rules, allowing the emergence of common behavioral patterns. The central argument suggests that interplay of economic agents within their own interaction environment allow the emergence of learning processes and strategy decisions, generating an adequate problem solving behavior, therefore no need to assume that agents are fully rational. This document shows an institutional perspective of decision-making, that could be an epistemological alternative to the theory of rational choice.
Morales Sánchez, M. A., & Segoviano Contreras, L. E. (2016). Una perspectiva económico-institucional de la toma de decisiones: solución de problemas en situación de incertidumbre. Investigacion Economica, 75(298), 57–75. https://doi.org/10.1016/j.inveco.2016.11.002